Dropbox to buy HelloSign for $230m

Dropbox

The cloud collaboration company will integrate HelloSign's digital products into its portfolio

Dropbox has announced that it’s acquiring eSignature and document workflow management platform HelloSign for $230 million, making it easier for the company’s customers to sign documents and complete forms on the go.

It's good news for HelloSign's customers too, with the company explaining that the tie up will allow its users to take advantage of Dropbox’s services to with cloud storage and team collaboration options.

It will help businesses move away from using pen and paper to sign forms and enable them to take a digital-first strategy, keeping digital documents in the cloud rather than physical files in filing cabinets.

“We waste so much time using clunky tools that were designed for yesterday’s work environment,” said HelloSign Co-founder and Chief Executive Officer Joseph Walla. “Over the past ten years, Dropbox has built a trusted global brand focused on transforming people’s working lives. We share a design philosophy based on building the best experience for end-users, fueling our efficient business models and sales strategies.

“Together with Dropbox, we can bring more seamless document workflows to even more customers and dramatically accelerate our impact.”

The entire product portfolio will be joining Dropbox, including HelloSign and HelloFax, plus its workflow management platform HelloWorks and HelloSign API.

“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,” said Dropbox Co-founder and Chief Executive Officer Drew Houston. “Together, we can deliver an even better experience to Dropbox users, simplify their workflows, and expand the market we serve.”

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