Dropbox has already promised that it wants to give end users the best experience when it comes to cloud storage. The company’s acquisition of mobile productivity startup CloudOn on 19th January aims to fulfil the said promises.
Dropbox, famous for its cloud storage services, acquired CloudOn, an Israel based startup, known for its mobile document editor tools for MS Office files & documents for the iOS for an undisclosed price. CloudOn claims to have around 9 million users, who use their tools to edit and share MS Office docs seamlessly across iOS devices, with around 90 million documents having been been either edited or shared. Founded in 2010 by Jay Zaveri, Milind Gadekar and Meir Morgenstern, CloudOn became a hot app and grew to be a $26 million company with investments from four investors in various rounds.
CloudOn allows its users to pick files on the go, edit or share them through Dropbox and increase their productivity. So, you could be editing a MS Word document say on your desktop, save it, and then again resume your work from an iPad or an iPhone. And can again get back to editing it from your desktop whenever you want. As a result, your experience is hassle free, productive and time-saving simultaneously. And all this is for free!
“CloudOn’s more than 30 employees will join Dropbox and the Israeli office will become a base for the company’s ‘aggressive hiring’ in the region.“, Dropbox’s head of product, business & mobile, Ilya Fushman, was quoted as saying to The Wall Street Journal in an exclusive interview.
This acquisition is not surprising since Dropbox raised about $350 million in January last year from investors, increasing the company’s valuation to about a whooping $10 billion. “The funds will help fuel a massive expansion of Dropbox’s workforce, which could double to 1,000 this year” , vice president Sujay Jaswa had said last year. “Acquisitions could help Dropbox add talent and technology. Though most of its deals have been small, Dropbox may look at bigger targets“, he had also added.
“Today, we’re taking the next step toward our vision of reimagining docs – by joining the Dropbox team. Our companies share similar values, are committed to helping people work better, and together we can make an even greater impact. We’re thrilled to continue building things that help people work better – and we’re proud and excited to join the Dropbox team to help people be more productive every day.“, the CloudOn team mentioned on it’s website on 20th January. They also mentioned that all CloudOn services ceased to exist since the acquisition.
So, in the coming months, it can be safely expected that a stronger, better Dropbox team will innovate with more better tools for its cloud storage services which are used by around 300 million users daily.