Dropbox Buys DocSend for $165M to Boost Secure Document Sharing

Dropbox acquires document-tracking startup DocSend for $165 million to build a complete secure document workflow. The move follows Dropbox's 2019 purchase of HelloSign and expands its remote work toolkit.

09 Mar 2021 • 1 min read

Dropbox acquires secure document-sharing startup DocSend for $165 million to enhance its remote work tools. DocSend allows users to share and track important documents through secure links, which pairs perfectly with Dropbox's existing offerings. This strategic purchase follows Dropbox's 2019 acquisition of HelloSign and creates a complete end-to-end document workflow for customers.

Dropbox CEO Drew Houston states that DocSend provides powerful engagement analytics alongside secure management for business-critical documents. Interestingly, both Dropbox and DocSend originally launched at TechCrunch events years apart. The acquisition shows Dropbox's continued commitment to expanding its platform beyond basic cloud storage.

Other major tech news includes Sonos releasing the $169 Roam, a portable and waterproof Bluetooth speaker that competes directly with JBL. Additionally, Google makes hotel listings free to provide users with better visibility into room availability, matching similar moves it previously made for Shopping and Flights.

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