Dropbox To Buy HelloSign For $230 Mln In Cash - Quick Facts

(RTTNews) - Dropbox Inc. (DBX), a global collaboration platform, said Monday that it has entered into a definitive agreement to acquire HelloSign, an eSignature and document workflow platform with more than 80,000 customers. Dropbox said it expects the acquisition to improve document workflows for hundreds of millions of Dropbox users.

Under the terms of the agreement, San Francisco, California-base Dropbox will acquire HelloSign for $230 million in cash, subject to customary purchase price adjustments and closing conditions. The acquisition is expected to close in the first quarter of 2019.

"HelloSign has built a thriving business focused on eSignature and document workflow products that their users love. Together, we can deliver an even better experience to Dropbox users, simplify their workflows, and expand the market we serve," Dropbox Co-founder and Chief Executive Officer Drew Houston said.

HelloSign's easy-to-use product suite spans capabilities like eSignature and online fax with HelloSign and HelloFax, to fully customizable document workflow solutions with HelloWorks and HelloSign API — improving everyday processes while also helping customers close deals faster, onboard new hires with ease, and complete documents without errors.