Dropbox to acquire e-mail management company

Dropbox plans to buy the startup behind the hot email management app Mailbox

March 18, 2013
Dropbox logo

Dropbox Inc said on Friday it would buy the startup behind the hot email management app Mailbox, signaling its intent to aggressively expand its features beyond file storage.

Terms of the deal were not disclosed.

Mailbox was created by a team led by Scott Cannon and Gentry Underwood, who had raised $5.5 million in venture capital funding from Charles River Ventures and others.

“After spending time with Gentry, Scott, and the team, it became clear that their calling was the same as ours at Dropbox—to solve life’s hidden problems and reimagine the things we do every day,” Dropbox co-founders Drew Houston and Arash Ferdowsi said in a blog post. “We all quickly realized that together we could save millions of people a lot of pain.”

Valued at $4 billion by its investors, Dropbox has said it could become a Web powerhouse by adding features to its core storage function. In the past year, for instance, Dropbox has added features to help upload and organize photos.

(Reporting By Gerry Shih; Editing by David Gregorio)

More Internet News

Facebook may introduce hashtags

Social networks greet new Pope

Google Reader demise causes online backlash

Tags: DropBox, Mailbox, quicknews

Free Email Newsletter:
Subscribe

Shutterstock is the image partner of MyBroadband – technology images can be found here

Join the conversation

Connect with MyBB

twitterfacebookandroidappleblackberrynewsletterfeed

Poll

Will you make voice calls via WhatsApp when the service becomes available?

View Results

Loading ... Loading ...

More News

Apple to launch new iPads in October: report

iPad Air

Apple Inc is set to launch two new iPads and release the next version of its Mac operating system at its next event on Oct. 21, a Daily Dot report said, citing sources familiar with the matter

Amazon unveils new Kindle, Fire tablets

Kindle Paperwhite

Amazon.com Inc ramped up its push into hardware on Wednesday with the debut of six new or upgraded devices, including a high-end $199 e-reader called the Kindle Voyage

iPhone 6 to have kill switch

Apple iPhone 6

New Apple Inc phones include a theft deterrent system that enables users to lock their devices and wipe them clean of data if stolen

EU working on “right to be forgotten” guidelines

A Google logo is seen at the garage where the company was founded on Google's 15th anniversary in Menlo Park, California

European regulators are working on guidelines for appeals from people whose requests to remove information from search results under their name have been turned down by search engines such as Google

Free MyBroadband Newsletter:
Subscribe
X
bool(true)