Evernote acquires handwriting iPad app Penultimate

On the heels of a $70 million million funding round, Evernote has acquired bestselling iPad (s AAPL) handwriting app Penultimate for an undisclosed sum, the company announced on its blog.¬†Penultimate creator Ben Zotto is joining Evernote to run its app development team, and will “lead the effort to put handwriting and digital ink functionality into other Evernote products and platforms.”

Penultimate, which costs $0.99, will remain a separate application “and will get many much-requested Evernote-y improvements including full search and synchronization.” Apple lists Penultimate as its #4 most-downloaded paid iPad app.

Evernote, which launched in 2008 and has 30 million users (up from 12.5 million less than a year ago)¬†acquired image-sharing app Skitch last year and has raised over $166 million in funding. Valued at $1 billion in last week’s funding round, the company is preparing for an IPO as soon as the end of this year.