The news of the acquisition comes a little over two years after the workspace solutions company also acquired HelloSign, a company dedicated to helping offices go paperless through legally binding electronic signatures on documents, for $230 million. Drew Houston, co-founder and CEO of the workspace company said of the acquisition, “We’re announcing that we’re acquiring DocSend to help us deliver an even broader set of tools for remote work, and DocSend helps customers securely manage and share their business critical documents, backed by powerful engagement analytics.” Today, Dropbox announced it would be acquiring DocSend for $165 million. To date, the document sharing company has raised $15.3 million, and the business currently has 17,000 customers. The company is worth an estimated $10.08 billion.ĭocSend, founded in 2013, is a document sharing and tracking business that helps professionals build relationships and easily deal with business transactions. About the Acquisition Dealįounded in 2007, Dropbox is a workspace business that provides secure file sharing, collaboration, and storage solutions for companies. Dropbox, a workspace solutions company, recently announced it is acquiring DocSend, a document sharing and tracking business, for $165 million. He even ran the idea for the company by Houston prior to launching in 2013, who gave it his seal of approval, and the two companies have been partners for some time.Electronic organization and storage is a high priority for businesses that primarily manage documents online or on their computers.
In fact, Heddleston worked for Dropbox as a summer in intern in 2010.
Houston and DocSend co-founder and CEO Russ Heddleston have known each for other years, and have an established relationship. "Dropbox, DocSend and HelloSign will be able to offer a full suite of self-serve products to help our millions of customers manage the entire critical document workflows and give more control over all aspects of that," Houston explained. When combined with the electronic signature capability of HelloSign, which Dropbox acquired in 2019, the acquisition gives the company an end-to-end document-sharing workflow it had been missing. "We're announcing that we're acquiring DocSend to help us deliver an even broader set of tools for remote work, and DocSend helps customers securely manage and share their business-critical documents, backed by powerful engagement analytics," Dropbox CEO Drew Houston told me. The company helps customers share and track documents by sending a secure link instead of an attachment. Dropbox announced today that it plans to acquire DocSend for $165 million.
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