Saturday, October 16, 2021

Dropbox completes acquisition of HelloSign for $230 million

Months after making announcement that it is acquiring San Francisco based electronic signatures provider HelloSign, Dropbox 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.


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