Dropbox, itself once a growing startup business, purchased the San Francisco based HelloSign for $230 million. It’s the largest purchase Dropbox has ever made and easily puts it in the same file sharing and collaborating league as Adobe and DocuSign.
“We couldn’t be happier to welcome HelloSign to Dropbox, who we got to know through the Extensions partnership we announced last year,” stated Dropbox on it’s blog. The two companies previously forged an agreement to allow HelloSign customers to sign Dropbox documents.
“Since then, we’ve learned that we share a common culture that’s built on trust, teamwork, and putting our customers first. We both care deeply about our craft and about our people. Joseph [Walla, HelloSign Founder and CEO], Neal [O’Mara, HelloSign CTO and C0-founder], and their team have built an incredible company, and we’re excited about what we’ll be able to accomplish together!”
Walla, in a separate blog statement, said “We’re excited to bring HelloSign to everyone, everywhere, around the world. Joining forces with Dropbox will help us get there faster. This is an acceleration of the same mission we’ve had since day one – to simplify work.”
The incorporation of HelloSign into DropBox means users of DropBox will now have the ability to fax and manage documents as well as sign them. HelloSign currently has 80,000 customers with a who’s who of well known companies like Twitter, Lyft and Samsung.
Founded in 2010, HelloSign’s investors include Greylock Partners, U.S. Venture Partners, Y Combinator and GV.