End-to-end platformįor Dropbox users, the most exciting part of this acquisition is that it seamlessly fits right into its existing product suite.
Since secure sharing is central to the DocSend platform, this acquisition should help remove any lingering safety concerns for potential Dropbox customers. Despite Dropbox being more than five years past its last hack or data breach, some companies still have worries about Dropbox's level of security. While that might seem like a drop in the bucket compared to Dropbox's 525,000 business customers, it could provide a reputational boost for Dropbox as well. Since its inception in 2013, DocSend has amassed a customer count of more than 17,000 businesses. DocSend also provides real-time analytics into who is viewing each document, while allowing users to receive or provide instant feedback. DocSend users can enable sign-in verification, control download capabilities, and easily require viewers to sign nondisclosure agreements. Instead of traditional attachments, DocSend develops a link or space for document sharing with additional security. Businesses need real-time document insights and controls over who can access certain files. For any business with confidential documents, that can make file sharing very difficult, especially when it comes to interfacing with a customer. Traditionally, when an electronic file is shared, there's very little insight into what happens to that file after it has been sent. Despite Dropbox spending $165 million in cash to finance the deal, this acquisition looks good for both shareholders and Dropbox users. Dropbox ( DBX 0.05%), the file-sharing and content collaboration platform, announced last week that it would be acquiring DocSend, a secure document-sharing and analytics platform.
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