FiftyThree, the app developer of the popular iOS sketching app Paper, has had its assets acquired by WeTransfer, a cloud-based file transfer company. Details regarding the acquisition and terms weren’t disclosed, but WeTransfer announced in its newsroom that the deal includes FiftyThree’s entire patent portfolio, assets, and the executive team, which will remain on board. The company itself will be phased out.

For a quick refresher: Paper was crowned by Apple as the iPad App of the Year in 2012. In December that year, the studio followed with Paste, a collaborative presentation tool for teams. FiftyThree even debuted a pencil stylus before the Apple Pencil was announced for the iPad to mostly positive appeal.

For fans of Paper,…

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