Houston said, “Given the dramatic rise in remote work, there’s increased demand for digital tools that help people organize their content and seamlessly collaborate with each other.DocSend is a perfect complement to our product roadmap and we’re thrilled to welcome them to our team.

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. Electronic organization and storage is a high priority for businesses that primarily manage documents online or on their computers.

Docsend by dropbox