Dropbox to Buy DocSend, for $165M


San Francisco, CA-based Dropbox, Inc. (NASDAQ: DBX), is to acquire DocSend, a secure document sharing and analytics company.

Under the terms of the agreement, Dropbox will acquire DocSend for $165m in cash subject to customary purchase price adjustments and closing conditions. The acquisition is expected to close in Q1 2021 and is expected to have an immaterial impact on 2021 operating results.

The combination of Dropbox, HelloSign (acquired in 2019), and DocSend will help customers across industries manage end-to-end document workflows—from closing deals to onboarding teams—giving them more control over their business results.

Led by Russ Heddleston, Co-Founder and Chief Executive Officer, DocSend enables companies to share business-critical documents and get real-time actionable feedback. With DocSend’s security and control, startup founders, investors, executives, and business development professionals can build business partnerships that have a lasting impact. Over 17,000 customers of all sizes use DocSend today.

Led by Co-Founder and Chief Executive Officer Drew Houston, Dropbox is a platform to keep documents organized. It has more than 700 million registered users across 180 countries. . For more information on our mission and products, visit .