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Announced

Completed

Dropbox completed the acquisition of FormSwift for $95m.

Financials

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Transaction Value£77m
Consideration TypeCash
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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United States

Majority

Private

Single Bidder

Acquisition

Domestic

Completed

paperwork

Friendly

Consumer Services: Other

Synopsis

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Dropbox, a file hosting service provider, completed the acquisition of FormSwift, a cloud-based service that gives individuals and businesses a simple solution to create, complete, edit, and save critical business forms and agreements, for $95m. “At Dropbox, we’re building tools to help our customers succeed in today’s virtual-first world by modernizing manual workflows and digitizing tasks. As part of this, we’re focused on building an end-to-end agreement workflow experience, most recently with simple, secure tools like Dropbox Sign, Dropbox Forms, and DocSend. With a similar customer base of small businesses and freelancers, and a library of commonly used forms and agreement templates, we firmly believe that FormSwift is a strong addition to our document workflows product suite, and will help us bring even more value to our customers,” Chetan Dandekar, Dropbox Vice President.

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