Dropbox Acquires Hellosign

admin 11/22/2021
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The Dropbox and HelloSign integration lets you send files for eSignature, or eSign files yourself, without leaving Dropbox. The signed files automatically save to your Dropbox account.

Under the terms of the agreement, 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 Q1 2019. Electronic signatures are so much better than dealing with paper. I was such a huge fan of HelloSign (both the company/team and the product) that I became an early investor. Assume DropBox can sell e-signing to a third of their business customers, that means HelloSign would be (relatively quickly) worth $50mm/yr in revenue to DropBox. This is before accounting for any sell-through of HelloSign to their 11mm paid individual accounts, or any sales at all at HelloFax. Dropbox announced today that it intends to purchase HelloSign, a company that provides lightweight document workflow and e-signature services. The company paid a hefty $230 million for the. Dropbox announced it has agreed to acquire HelloSign for $230 million.HelloSign has developed an electronic signature and document workflow platform. With the deal, DBX is seeking to.

Learn more about HelloSign in the HelloSign Help Center.

Connect Dropbox and HelloSign

When you send for a signature through Dropbox, you’ll be prompted to connect your Dropbox and HelloSign accounts and accept the terms of service. A free HelloSign account will be created with the email address you use for Dropbox. (If you already have a HelloSign account with the same email address as your Dropbox account, the accounts will be connected). After your accounts are connected, you’ll also be able to sign in to HelloSign.com by clicking Sign in with Dropbox.

Send for a signature or sign a file

You can send a file in Dropbox for a signature or sign a file yourself.

To send for a signature or sign a file on dropbox.com and the desktop app:

Dropbox Acquires Hellosign
  1. Sign in to dropbox.com or open the Dropbox desktop app.
  2. Hover over the name of a file and click the check box that appears on the left.
  3. Click the arrow next to Share below the file thumbnail in the right sidebar.
  4. Click Send for signature.
  5. Choose who needs to sign.
    • If you’re the only signer, click I’m the only signer.
    • If you’re not the only signer, type their name and email address in the box. To add more signers, click Add another signer. To add yourself as a signer, click Add me as a signer.
    • To request an attachment from any signer, click the paperclip icon next to their email.
  6. Drag and drop onto the document to add fields where the signer(s) will need to sign. Assign each field to a signer in the right sidebar.
    • Note: Each signer must be assigned at least one non-date field before you can continue to the next step.
  7. Click Continue.
  8. Choose a file name and a Dropbox folder location for the signed copy of the file. (The original file won’t be renamed or moved).
  9. Click Continue.
  10. Add anyone you’d like to be copied on your email or an email message.
  11. Click Send for signature to confirm and send for a signature.

Once your signed files are complete, you and all signers will receive email confirmations. Your signed files automatically save back to your Dropbox account, in the location you chose for that file and in your connected HelloSign account. If you delete a signed file from either Dropbox or HelloSign, it’ll still be saved on the other.

In Dropbox, while a file is waiting to get signed, an in-progress PDF version of the file is saved in the location you chose named “[file name] (in-progress).pdf”. Once the file is signed, that file is replaced with a new, signed PDF file named “[file name] (signed).pdf”.

File types and sizes

Single files uploaded to be signed can’t exceed 40MB or 500 pages. Visit the HelloSign Help Center for all supported file types and file sizes.

Limitations and storage quotas

If the HelloSign account you connected to Dropbox is on the limited free plan (which is the default plan), you can make three document transactions per month. Learn more about the limited free plan and how to upgrade.

Signed files take up space in your Dropbox account. If you run out of space in your Dropbox account while a file is in progress (waiting on a signature), you’ll see an error message and the signed version of the file will only save on HelloSign.com and not in Dropbox. Learn how much storage space you have in your Dropbox account.

Admins: Manage the HelloSign integration for your team

Dropbox Business team admins can turn the HelloSign integration on or off for their entire Dropbox Business team.

To turn the integration on or off:

  1. Sign in to dropbox.com with your admin account.
  2. Click Admin console.
  3. Click Settings.
  4. Under Additional settings, click Send for signature.
  5. Toggle to On or Off.
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Acquisition expected to improve document workflows for hundreds of millions of Dropbox users

SAN FRANCISCO--(BUSINESS WIRE)--Jan. 28, 2019-- Dropbox, Inc. (NASDAQ: DBX), a leading global collaboration platform, today announced it has entered into a definitive agreement to acquire HelloSign, an eSignature and document workflow platform with more than 80,000 customers.

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“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. “We’re thrilled to welcome HelloSign’s talented team to Dropbox and add their capabilities to our product suite. 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.”

Some of life’s most important moments require signing documents or completing forms — from opening an investment account or buying an apartment, to signing a major new customer or hiring a new employee. But even today, millions of people still rely on legacy pen and paper to complete these tasks, resulting in an inefficient and fragmented experience. HelloSign’s simple, 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.

“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.”

Under the terms of the agreement, 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 Q1 2019.

Dropbox Acquires Hellosign

Forward Looking Statement

This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995 related to Dropbox’s acquisition of JN Projects, Inc. d/b/a HelloSign that involves substantial risks, uncertainties and assumptions that could cause actual results to differ materially from those expressed or implied by such statements. Forward-looking statements in this communication include, among other things, statements about the potential benefits of the proposed transaction, the anticipated timing of closing of the proposed transaction, our ability to integrate the platforms and potential growth opportunities. Words such as “will,” “can,” “expect,” and similar expressions are intended to identify forward-looking statements.

You should read any such forward-looking statements carefully, as they involve a number of risks, uncertainties and assumptions that may cause actual results to differ significantly from those projected or contemplated in any such forward-looking statement. Those risks, uncertainties and assumptions include the following possibilities, the occurrence of any event, change or other circumstances that could give rise to the right of one or both of the parties to terminate the definitive merger agreement between the parties; the risk that the proposed transaction may not be completed in a timely manner or at all; the failure to satisfy any of the conditions to the consummation of the proposed transaction; the possibility that the anticipated benefits of the transaction are not realized when expected or at all, including as a result of the impact of, or problems arising from, the integration of the two companies or as a result of the strength of the economy and competitive factors in the areas where Dropbox and HelloSign do business; the possibility that the transaction may be more expensive to complete than anticipated, including as a result of unexpected factors or events; diversion of management’s attention from ongoing business operations and opportunities; potential adverse reactions or changes to business or employee relationships, including those resulting from the announcement or completion of the transaction; the ability to complete the acquisition and integration of HelloSign successfully; and other factors that may affect future results of Dropbox and HelloSign. Additional factors that could cause results to differ materially from those described above can be found in Dropbox’s Quarterly Report on Form 10-Q for the quarter ended September 30, 2018, which is on file with the Securities and Exchange Commission (the “SEC”) and in other documents Dropbox files with the SEC.

About Dropbox

Dropbox is a leading global collaboration platform that's transforming the way people work together, from the smallest business to the largest enterprise. With more than 500 million registered users across more than 180 countries, our products are designed to help unleash the world’s creative energy and establish a more enlightened way of working. Headquartered in San Francisco, CA, Dropbox has 12 offices around the world. For more information on our mission and products, visit dropbox.com.

About HelloSign

HelloSign simplifies work for millions of people. Over 80,000 customers world-wide trust the HelloSign platform – which includes eSignature, document workflow and online fax solutions with HelloSign, HelloWorks and HelloFax – to automate and manage their most important business transactions. For more information visit http://www.HelloSign.com

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View source version on businesswire.com: https://www.businesswire.com/news/home/20190128005320/en/

Source: Dropbox, Inc.

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Media:
Dropbox
Saman Asheer
[email protected]

HelloSign
Jasmine Castro-Torres
[email protected]

Dropbox Acquires Hellosign

DropboxInvestors:
Darren Yip
[email protected]