We're thrilled to welcome HelloSign's talented team to Dropbox and add their capabilities to our product suite. Source: Sentieo Acquisition Terms and Rationaleĭropbox disclosed the acquisition price as $230 million in an all-cash transaction.ĭBX didn't file a form 8-K or provide a change in financial guidance as a result of the deal.Ī review of the firm's most recent 10-Q filing indicates that as of September 30, 2018, it had $1.04 billion in cash, equivalents, and short-term investments and total liabilities of $980 million, of which, current liabilities accounted for $815 million.įree cash flow during the nine months ended September 30, 2018, was $274.1 million.ĭropbox is acquiring HelloSign to spearhead its expansion into the digital signature and document workflow market.Īs Dropbox CEO Drew Houston stated in the deal announcement: Major competitive vendors that provide digital signature solutions include: The main drivers for this expected growth are the rise of well-known digital signature providers and the growing adoption of cloud-based technologies.
This represents a CAGR of 27% between 20. Source: Crunchbase Market & CompetitionĪccording to a market research report by Transparency Market Research, the global eSignature market was valued at $800 million in 2017 and is projected to reach $6.9 billion by 2026. Investors have invested $16 million in the company and include Greylock Partners, US Venture Partners, Khosla Ventures, Foundry Group, Webb Investment Group, Zach Coelius, Paul Buchheit, Joshua Reeves, Tien Tzuo, and Shemil Shah, among others. Management is headed by Co-Founder and CEO Joseph Walla, who was previously Executive Board Member and Advisor for Student Project Africa Network.īelow is an overview video of the company's offerings: San Francisco, California-based HelloSign was founded in 2010 to simplify the work of organizations by providing them with eSignature, document flow, and eFax solutions which enable them to automate and manage important business transactions. With the deal, DBX is seeking to execute on its 'Dropbox flywheel' that it says create network effects bringing ever-increasing value to its customer base and prospects.
HelloSign has developed an electronic signature and document workflow platform. Dropbox ( NASDAQ: DBX) announced it has agreed to acquire HelloSign for $230 million.
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