Dropbox Acquires HelloSign For $230 Million To Improve Document Workflow

Dropbox, the cloud storage company, today in a report, has revealed that it has acquired the HelloSign, an easy to use eSignature and document workflow platform.

In a blog post, Dropbox said that while both the cloud and mobile technology has transformed the way people work over the past decade, the tools they are using to collaborate have not kept us with the pace of normal change. Today, people have to collaborate, share and build different workflows with the employees who are located across the globe. Dropbox has made the deal as a part of a mission to improve the digital collaboration.

“We are as now focused on making Dropbox a place for people to come together to co-create and collaborate on their both the content, media files, connecting people with the functionality they need to do their best work,” Dropbox revealed in a blog post. “Today, we are a step closer to just simply make that vision a reality. We are also too much excited to share that Dropbox has signed an agreement to acquire HelloSign, which is an easy-to-use eSignature, and document workflow platform that’s improved productivity and efficiency for more than 80,000 customers.”

According to the Dropbox, signatures are still required for many of the important documents and to complete forms, but people are still using the old traditional methods, that is paper and pen, to complete the task. That even create the inefficiencies, The Dropbox executive said in a statement. Last year, Dropbox sets IPO range, as $16-418.

“The team at HelloSign has also imagined a better, faster option, and built an incredible business along the long way,” the company said in an interview. “HelloSign’s product suite spans was also too much care about the capabilities like eSignature and online fax with both the HelloSign and HelloFax, to fully customizable document workflow solutions with HelloWorks and HelloSign API at a much faster pace.”

As of now, Dropbox did not disclose the terms of the deal but noted that HelloSign went through the company extensions partnerships that Dropbox revealed in 2018. With the help of this program, Dropbox also said that it learned that helloSign shares a common culture that is much more focused on putting the customer first.

“We both care deeply about our craft and our core values of people. Joseph [Walla], Neal [O’Mara] and their team have built an incredible organization, and we’re excited about what we’ll be able to accomplish together,” Dropbox wrote.