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Dropbox Buys Israel’s CloudOn

CloudOn

Dropbox has acquired Israeli startup CloudOn which develops mobile productivity tools. The purchase price has not yet been revealed.

CloudOn said that it will formally end its cloud based service on March 15th.

“CloudOn’s mission of making it easy to work on mobile aligns with Dropbox’s goal of giving people the freedom to work the way they want, wherever they want, ” a Dropbox spokesperson said in a statement.

“We’re thrilled to have CloudOn’s talent join the Dropbox and Dropbox for Business engineering efforts and help us build collaboration capabilities that will help deliver ever better experiences around documents and workflow. The CloudOn engineers in Herzliya are joining us to form Dropbox’s first Israel office. With this addition, Dropbox will now have engineers based in San Francisco, Seattle, New York, Dublin, and Israel.”

The CloudOn homepage now has a message from the company announcing the sale with a message from the company’s founders.

“Today, we’re taking the next step toward our vision of reimagining docs – by joining the Dropbox team. Our companies share similar values, are committed to helping people work better, and together we can make an even greater impact, ” it reads.

The company boasts that over 90 million documents have been edited, created or shared on CloudOn in only 3 years. Its app is in use in over 120 countries.

“We’re thrilled to continue building things that help people work better – and we’re proud and excited to join the Dropbox team to help people be more productive every day, ” said the company’s leaders in the statement.

CloudOn has raised $26.1 million in funding to date. It was founded by Jay Zaveri, Milind Gadekar and Meir Morgenstern in 2009 and has offices in both Mountain View California and Herzliya Israel.

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