DBX - Why Dropbox Is Spending $165 Million to Acquire DocSend
Dropbox (NASDAQ: DBX) , the file-sharing and content collaboration platform, announced last week that it would be acquiring DocSend, a secure document-sharing and analytics platform. Despite Dropbox spending $165 million in cash to finance the deal, this acquisition looks good for both shareholders and Dropbox users. Let's see why.
Traditionally, when an electronic file is shared, there's very little insight into what happens to that file after it has been sent. For any business with confidential documents, that can make file sharing very difficult, especially when it comes to interfacing with a customer. Businesses need real-time document insights and controls over who can access certain files. This is where DocSend comes in.
Instead of traditional attachments, DocSend develops a link or space for document sharing with additional security. DocSend users can enable sign-in verification, control download capabilities, and easily require viewers to sign nondisclosure agreements. DocSend also provides real-time analytics into who is viewing each document, while allowing users to receive or provide instant feedback.
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Why Dropbox Is Spending $165 Million to Acquire DocSend