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Dropbox acquires document sharing platform DocSend for $165M

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Dropbox has announced plans to acquire DocSend, a secure document sharing and tracking platform, in an all-cash deal worth $165 million.

Founded out of San Francisco in 2013, DocSend helps businesses bypass cumbersome email attachments through a link-based document sharing approach. This enables companies to control file downloads and deactivate access at any time while also gleaning real-time engagement insights. Moreover, the DocSend platform allows companies to ensure that the version of a file they have shared remains up to date.

Dropbox has been doubling down on its enterprise focus of late and pushing tighter integrations