Bending Spoons To Acquire Airtable In Around $1.3 Billion Deal As AI Reshapes Enterprise Software
Italian technology company Bending Spoons has signed a definitive agreement to acquire no-code enterprise software platform Airtable in an all-cash transaction valued at an enterprise value of $1.28 billion, expanding its portfolio of software businesses as competition intensifies in the AI-powered enterprise applications market.
Including Airtable's existing cash and cash equivalents, the deal implies an equity value of approximately $2.25 billion. The acquisition is expected to close later this year, subject to regulatory approvals and other customary closing conditions.
Founded in 2012, Airtable combines spreadsheet-style interfaces with database capabilities, enabling businesses to build custom applications and automate workflows without extensive coding. The platform is used by more than 500,000 organisations, including 80% of the Fortune 100, across functions such as operations, product development, marketing and project management.
Luca Ferrari, Chief Executive Officer and co-founder of Bending Spoons, said Airtable has built a strong position in enterprise workflow software.
"Airtable is...
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