completes acquisition of for $230 million

Must Read

Top 5 cyber threats CIOs need to be aware of in APAC region

pandemic has significantly impacted the security of businesses and individuals worldwide. CIOs need to be aware of emerging challenges in the APAC region.

ESDS awarded as India’s ‘Best Workplaces for Women 2020’

ESDS Software Solution said that it has been awarded as “India’s Best Workplaces for Women 2020” under the Top 50 category, certified by “Great Place to work” organization

Spanish insurer Admiral Seguros uses AI to assess vehicle damage

Admiral Seguros is using an AI solution, developed by the technology company Tractable, which evaluates vehicle damage with photos sent through a web application.

Months after making announcement that it is acquiring San Francisco based electronic signatures provider , said on Friday that it has completed the acquisition. The document workflow platform has more than 80,000 customers. Earlier in January, Dropbox had said that it was acquiring HelloSign in an all-cash deal worth $230 million.

Founded in 2011 as HelloFax, HelloSign help businesses create a paperless office by enabling electronic signatures. In written statement Dropbox co founder and CEO Drew Houston had said at the time of announcement, “With over an exabyte of data on our platform, millions of people already use Dropbox as a place to collaborate on their most important content.”

“There won’t be any changes to your day-to-day experiences with our products,” said HelloSign CEO Joseph Walla. “HelloSign will continue to operate as normal within Dropbox. Our first and foremost priority has always been and will remain taking care of our customers. If anything, our customers can expect an accelerated rate of innovation to the HelloSign products they know and love already, supported by the resources and reach of Dropbox.”

According to reports, with more transactions being carried out online, e-signatures are only going to become more commonplace — and Dropbox is ensuring that it can cater to this demand. This is Dropbox’s biggest acquisition to date by a fairly wide margin. Its previous biggest deal was back in 2015, when it bought Cloudon for a reported $100 million, reported Venture Beat.

Subscribe to receive the day's headlines from Tech Observer straight in your inbox

Leave a Reply

*The moderation of comments is automated and not cleared manually by Embedding of any link and use of abusive or unparliamentary language are prohibited.
- Advertisement -

Latest in TECH

Chiratae Ventures launches 7th edition of Innovators Program

Chiratae Ventures has launched their seventh edition of the Innovator’s Program which include a 5-week foundational initiative for the final set of selected startups through mentorship, customer connects and access to capital
- Advertisement -SAP Hana

Related Articles