Dropbox Buys Israeli Mobile Document Firm CloudOn

Cloud storage provider Dropbox continued with its streak of acquisitions on Wednesday, announcing that it has acquired Israeli startup CloudOn. Based in Herzliya, CloudOn provides tools to enable users to edit Microsoft Office documents from their mobile devices.

Dropbox raised $607 million last year from backers such as Morgan Stanley Investment Management, BlackRock, and T. Rowe Price, in addition to another $500 million in credit financing. The company has so far put those funds to use on the acquisition trail with a steady stream of deals designed to get its hands on new talent, new technology, or both.

In the last year, Dropbox has acquired companies such as Hackpad, a tool for collaborative note-taking; Zulip, a messaging app designed for the workplace; and Loom, a tool for managing photo collections. Dropbox did not reveal the terms of the CloudOn deal.

International Expansion Plans

The companyEUs latest acquisition will give it a toehold in IsraelEUs robust technology industry, and would seem to fit in well with its plans for greater expansion worldwide. More than 70 percent of Dropbox users come from outside the U.S. In 2014, it hired Dennis Woodside as COO to lead the companyEUs international expansion. CloudOn, which was launched in 2009, has raised about $26 million.

According to CloudOnEUs company blog, the company has 9 million users collaborating on more than 90 million documents. The acquisition will also bring around 30 engineers into Dropbox. CloudOn said it would cease servicing customers on March 15, and would no longer be accepting new users. The company said in the near future it will e-mail details to current users about how they will be transitioned to Dropbox.

The deal also seems to be part of DropboxEUs move to focus more heavily on its mobile application. Its Carousel application, for example, helps users...

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