Dropbox is used extensively by most of us for storing data and sharing large files. The cloud storage has changed the way we store files. Since it is on the cloud, the risk of data loss reduces significantly. In a recent announcement to the public, it was notified by Dropbox that they are acquiring FormSwift. For those unaware, FormSwift is a cloud platform that can help businesses in the building, editing, approving, sharing, and printing customized documents. As per the notification, the acquisition cost is $ 95m. The full amount is to be paid in cash. Soon after the acquisition, the FormSwift team will be joining Dropbox.
what is dropbox formswift 95mwiggerstechcrunch ?
At present, the office of FormSwift is located in San Francisco. Kyle Wiggers have shared more information about the acquisition in an article on TechCrunch. Dropbox will leverage the capabilities of FormSwift. Dropbox already offers some document editing features like Dropbox Sign, DocSend, Dropbox Forms, and a few more. This acquisition will bring Dropbox close to building a comprehensive agreement workflow capability.
The new capabilities will prove to be very helpful for the customers using Dropbox. They will be able to leverage the modernized workflows and get help with task digitalization. It is expected that the new features will be extensively used by freelancers, small businesses, and content writers. The commonly used templates and agreements will also be provided to the users. The FormSwift will surely improve the document workflows offered by Dropbox.
For those unaware, Dropbox was founded in 2012, and the main goal of FormSwift was to reduce the time that businesses spend on submitting common forms. The application added efficiencies to the businesses. FormSwift also allows its business users to design forms like rental agreements, onboarding waivers, and NDAs. Another interesting fact about FormSwift is that it never received funding prior to this deal. In addition, FormSwift has been used for creating 10 million documents by contractors and small businesses. So dropbox formswift 95mwiggerstechcrunch means Dropbox Acquires FormSwift for $ 95M
It will be interesting to see how the deal between Dropbox and FormSwift will benefit the customers who need such document-related products.