![]() Given its existing document collaboration tools, it’s a similar expansion play.īut for Dropbox, it’s mostly about growth, as DocSend will boost its total addressable market (TAM). It recently acquired SignRequest for $55 million. When looking at these puzzle pieces - document signatures, storage/ collaboration, and secure transmission - Dropbox competitor Box has been on a similar expansion path. ‘Acceleration’ Leaving its Mark Across the Local Landscape Collectively, it can now natively address and control the document workflow process. This progression can be seen in light of its 2019 HelloSign acquisition. “We’re acquiring DocSend to help us deliver an even broader set of tools for remote work,” Dropbox founder & CEO Drew Houston told TechCrunch, “and DocSend helps customers securely manage and share their business-critical documents, backed by powerful engagement analytics”Īs for the non-pandemic expansion angle, DocSend gives Dropbox another puzzle piece towards its goal of end-to-end document workflows. DocSend’s ability to not only securely send but track engagement for documents replaces some real-life interactions. ![]() ![]() In a world of far-flung colleagues and contacts, document collaboration gains considerable value. Starting with the former, the timeliness of this deal flows from the Covid-induced remote work trend. This is partly a sign of the times and partly a traditional expansion play to build a broader suite… and thus a larger addressable market. Specifically, Dropbox announced today that it will acquire DocSend for $165 million. Now DocSend has a new lot in life: the end-to-end document workflows that Dropbox continues to build. How Do You Build an Effective Pitch Deck? For example, DocSend has become a popular way for startups to submit and track pitch decks to investors. The former is where DocuSign has blazed a trail, and the latter is where DocSend lives. Though some folks are habitually stuck in the pre-cloud days of sending word attachments to collaborate on documents, tools like Google Docs and Office 365 have brought “it just works” functionality to doc sharing.īeyond collaboration, there are more advanced functions like signatures on contracts or secure transmission for sensitive docs. Document collaboration is one of the many areas that have become democratized over the past decade. ![]()
0 Comments
Leave a Reply. |