Dropbox is a service that originally started as a simple cloud file hosting platform for end-users, although along the way, it changed course to target especially companies through a series of additional services to improve their workflow, also seeking to maintain its viability in the long term.
Dropbox announces the acquisition of DocSend to complete its range of enterprise products
In this regard, Dropbox is now taking another step forward by announcing its plans to acquire Docsend, the platform specializing in secure document sharing and tracking via email, for around $165 million.
DocSend has been carrying a series of improvements and bringing its integration to major cloud hosting platforms, including Dropbox since 2014, wherein the case of Dropbox, DocSend went on to become one of its partners officially in 2019, although the heads of both companies have been maintaining close relationships for more years.
From DocSend they point out that:
DocSend’s 17,000+ customers, from client services to investor relations, use its tools to close business deals, onboard clients, share confidential financial documents, and more.
Now, with the acquisition of DocSend and in combination with HelloSign, the company specializing in electronic document signing that Dropbox acquired in 2019, from Dropbox they note that:
And once combined, Dropbox, DocSend, and HelloSign will offer a full suite of self-service products to help businesses around the world manage critical end-to-end document workflows and generate meaningful business results.
For Dropbox, the fact that remote work is on the rise because of the situation we are going through, and where in fact it knows that the future may be more oriented to distributed work, its new acquisition will allow it to grow faster in the segment of the range of self-management services oriented to companies, clearly pointing to the fact that it will be able to offer a complete set of self-service products to help companies worldwide to manage critical document workflows from one end to the other and generate significant business results:
The combination of Dropbox, DocSend, and HelloSign will help streamline workflows for sales, finance, customer service, and executive teams across industries.
Opposite Dropbox is Box, its most direct rival, which already had its equivalent function for secure document sharing via email, and recently acquired SignRequest for $55 million, intending to empower more complex workflows within companies.
