Dropbox acquires HelloSign for $230 million to improve document workflows

Left to right, HelloSign CEO and co-founder, Joseph Walla, HelloSign CTO and co-founder, Neal O’Mara, Arash Ferdowsi, Drew Houston, and HelloSign COO, Whitney Bouck

Dropbox on Monday said that they have signed an agreement to acquire HelloSign, an easy-to-use eSignature and document workflow platform, for $230 million in cash, subject to customary purchase price adjustments and closing conditions. The acquisition is expected to close in Q1 2019.

“With over an exabyte of data on our platform, millions of people already use Dropbox as a place to collaborate on their most important content,” said Dropbox Co-founder and Chief Executive Officer Drew Houston.

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“We waste so much time using clunky tools that were designed for yesterday’s work environment,” said HelloSign Co-founder and Chief Executive Officer Joseph Walla. “Over the past 10 years, Dropbox has built a trusted global brand focused on transforming people’s working lives. We share a design philosophy based on building the best experience for end-users, fueling our efficient business models and sales strategies. Together with Dropbox, we can bring more seamless document workflows to even more customers and dramatically accelerate our impact.”

The team at HelloSign imagined a better, faster option, and built an incredible business along the way. HelloSign’s product suite spans capabilities like eSignature and online fax with HelloSign and HelloFax, to fully customizable document workflow solutions with HelloWorks and HelloSign API, said Dropbox in a blogpost.

 

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