DocSend, a startup operating out of San Francisco, offers a service that enables workers to share documents using email more easily. Dropbox has announced that it is forking out $165 million to acquire the startup. The deal was announced yesterday and is expected to close before the end of this month.
DocSend’s service provides many features available on Dropbox. However, users can organize documents in cloud-based folders and send links, instead of attachments, when they want to include a file in an email.
The startup enhances customer email-based file-sharing workflow by providing more specialized features that attracted Dropbox to make the deal.
DocSend takes document sharing to the next level
DocSend offers an analytics console that can track how recipients interact with shared files. The service can send notifications any time a recipient opens a document and related data like how long they spent reading it.
Information like this can be useful in many scenarios, according to DocSend.
When a startup’s leadership shares a financial presentation with potential investors, they might want to know if the file was viewed, which DocSend and Dropbox, see as crucial.
DocSend’s original focus was designed for startups
The CEO, Russ Heddleston, said in a statement that the company was started to offer tools to startups, to help them navigate the hectic process of fundraising and empower entrepreneurs to attain their goals and achieve higher levels of transparency and control during the pitch process.
Other features include security controls that help prevent file access by unauthorized people, by implementing passwords that are shared among only authorized viewers.
Document owners can also revoke access whenever they want and reduce the risk of leaks where sensitive data is involved. Now, instead of competing with these features, Dropbox is going to offer them.