DocSend's technology will enable Dropbox to have file tracking technology for enterprise users to manage the end-to-end file sharing process
Cloud storage company Dropbox announced this week that it will buy file sharing company DocSend for US$165 million in cash in an attempt to create end-to-end file sharing process management. The two parties are expected to complete the transaction in the first quarter of this year.
Founded in 2013, DocSend claims to provide secure file sharing and tracking solutions. It can integrate other cloud storage services, including Google Drive, Box, Dropbox and OneDrive. When users upload files to DocSend, they can directly Use it as an attached file to a large number of mails, or create a file sharing link, and you can also set the password and time limit for opening the file, and then you can track which users have opened the file. Currently DocSend has more than 17,000 customers worldwide.
Dropbox explained that DocSend’s service allows customers to track after sending files, which is equivalent to adding a layer of intelligence to the Dropbox platform. For example, when the customer service team and creative experts use the Dropbox platform to collaborate on projects, they can use DocSend sends proposals and tracks interactive behaviors, and uses HelloSign, an electronic signature service purchased by Dropbox in 2019, to manage contracts and invoices, which will assist customers in different industries in end-to-end document process management.