2 minute read | December.18.2024
Coda, the all-in-one workspace for businesses, has reached an agreement to be acquired by Grammarly, the trusted AI assistant, in a deal that promises to transform Grammarly into an AI productivity platform.
Orrick advised Coda.
Coda’s CEO and Co-Founder Shishir Mehrotra is to become Grammarly’s new CEO.
Mehrotra said the planned acquisition represents “a massive opportunity to reinvent productivity as we know it.”
Coda is the all-in-one workspace for businesses. Coda starts as a familiar blinking cursor and a hub to consolidate a team’s work. It also contains a set of powerful building blocks that enable teams to work in their unique way – and stack into customizable solutions that fit every team.
Grammarly is the trusted AI assistant for communication and productivity, helping over 40 million people and 50,000 organizations do their best work. Companies like Atlassian, Databricks and Zoom rely on Grammarly to brainstorm, compose and enhance communication that moves work forward.
Grammarly integrates with over 500,000 applications and websites.
The addition of Coda’s flexible and powerful AI tools and surfaces aims to transform Grammarly into an AI productivity platform for apps and agents where customers can unlock access to company knowledge, generative AI chat, a productivity suite and capable, trusted AI agents to work smarter and faster.
“For the past 15 years, Grammarly has been building an AI superhighway with the capacity and expertise to do so much more than writing assistance for our customers,” said Alex Shevchenko, Grammarly co-founder.
“The acquisition of Coda is a big step toward achieving our vision of a world where humans and AI work together everywhere work happens. We’re on a new mission to redefine productivity for the AI era.”
With this acquisition, Grammarly is increasingly focused on the future of how AI agents can improve applications and also benefit the entire enterprise with increased productivity and better business outcomes.
Mehrotra hailed the deal.
“Grammarly is a beloved software product used by millions of people every day,” Mehrotra said. “Combining Grammarly’s trusted AI assistant with the intelligence and flexibility of Coda can give our customers the productivity gains they’re looking for across their entire organization.”
Ramy Shweiky, together with longtime Coda relationship partners John Bautista and John Harrison, led an Orrick M&A team that also included Matthew Gemello, Sojin Lillian Kim, Susana Min, Sam Caluori, Ryan Selis, Josephine Cua, Michael Y. Yang, Katherine K. Hogan, Steven Malvey, Peter Elias, Sarah Schaedler, Daniel Healow, Debbie Chen, Carly Owens, Taylor Ranfos, Lauren Guilford, Craig Falls, Danielle Mangogna, Kristin Petersen and Jake Routhier.