Evernote Hires CFO

Evernote, a cloud-based note-taking and storage mobile app, hired a new CFO yesterday.  Jeff Shotts, the former CFO of ModCloth and a former finance executive at eBay, was named to the position in a blog post by Evernote CEO Phil Libin.  This move is being viewed as a hint that the company is gearing up for an IPO.  Evernote has a valuation of approximately $1bn.

Evernote is a member of the Triton Research IPO Watchlist, a continuously updating database of companies we expect to either IPO or be acquired.  The current IPO Watchlist is comprised of 111 companies organized by investment theme.