In a blog post, Dropbox said that while mobile and cloud technology has transformed the way people work over the past decade, the tools they are using to collaborate haven’t kept up with the pace of change. Today, people have to share, collaborate and build workflows with employees who are located across the globe. Dropbox has made the acquisition as part of a mission to improve digital collaboration.
“We’re focused on making Dropbox a place for people to come together to co-create and collaborate on their content, connecting people with the functionality they need to do their best work,” Dropbox said in the post. “Today, we’re a step closer to making that vision a reality. We’re excited to share that Dropbox has signed an agreement to acquire HelloSign, an easy-to-use eSignature and document workflow platform that’s improved productivity and efficiency for over 80,000 customers.”
According to Dropbox, signatures are still required for many important documents and to complete forms, but people are still using traditional methods – pen and paper – to complete the task. That creates inefficiencies, Dropbox said in the blog post.
“The team at HelloSign imagined a better, faster option, and built an incredible business along the way,” the company said. “HelloSign’s product suite spans capabilities like eSignature and online fax with HelloSign and HelloFax, to fully customizable document workflow solutions with HelloWorks and HelloSign API.”
Dropbox didn’t disclose deal terms, but noted that HelloSign went through the company’s Extensions partnership that Dropbox announced in 2018. Through that program, Dropbox said it learned that HelloSign shares a common culture that is focused on putting the customer first. “We both care deeply about our craft and about our people. Joseph [Walla], Neal [O’Mara] and their team have built an incredible company, and we’re excited about what we’ll be able to accomplish together,” Dropbox wrote.