Dropbox is set to acquire secure document company Docsend in a deal for $165 million.
This acquisition is set to close sometime in the first quarter of 2021, with Dropbox saying that the acquisition will be “immaterial” to its operating results.
Dropbox hopes that the addition of Docsend will allow businesses to control end-to-end document workflow through their services, and ultimately give them more control over document transfers and signage.
Docsend allows users to share critical business documents and allow users to see changes tracked across all users. Docsend is also encrypted, making it useful for sending and working on highly sensitive documents within an organization.
Docsend is currently being used by 17,000 businesses worldwide.
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