Essential Products Buys Email Company CloudMagic

Posted by at 10:57 am on December 10, 2018

Essential Products has acquired CloudMagic, the company behind the Newton email service.

Essential told¬†TechCrunch¬†that it is “always on the lookout for companies with great technology and talent to help accelerate our product roadmap.”

The deal has sparked curiosity, as CloudMagic shut Newton down in September, stranding about 40,000 subscribers who’d paid for the service.

Essential’s future is unclear. The company’s only phone, the Essential Phone, did not sell well with consumers. Essential axed about one-third of its hardware staff in October.

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