BSP
Another day, another software shopping spree
Bending Spoons apparently woke up and chose M&A. The Milan-based tech company says it’s buying Miro for $1.4 billion, the latest in a string of bets on software businesses that look a little forgotten by the market but still have real revenue under the hood.
That’s the whole playbook here: find a product with scale, slap on some operational discipline, and hope the spreadsheet magic works. It’s part private-equity energy, part startup swagger, and a little bit of “what if we just bought the thing?”
Why investors should care
For public-market watchers, the deal tells you Bending Spoons is still hungry, still aggressive, and still comfortable writing very large checks for software assets. If it can keep doing this successfully, the company could build a pretty formidable portfolio.
What matters next:
- whether Miro’s growth and retention can justify the price tag
- whether Bending Spoons can integrate another big product without turning the org chart into a spaghetti bowl
- whether this deal signals more acquisitions are coming
Big picture: Bending Spoons is betting that overlooked software can still be beautiful — as long as you have the patience, cash, and a very strong appetite for spreadsheets.