Dropbox to acquire e-mail management company

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

By - 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

Forum discussion

Shutterstock is the image partner of MyBroadband – more technology images

Join the conversation

Connect with Us

androidappletwitterfacebookgoogleplusfeednewsletter

Poll

Which ADSL ISP do you respect the most?

View Results

Loading ... Loading ...

More News

How criminals use your Facebook information to steal your money

Scammer

Criminals are using the information you share on Facebook, LinkedIn, and Twitter in spear phishing attacks to get access to your online banking details.

2015 MyBroadband Conference – not to be missed

MyBroadband conference stage

The 2015 MyBroadband Conference has attracted many of the country’s top telecoms companies and executives.

How the full Gautrain route will get Vodacom coverage

Gautrain render

Vodacom recently launched 3G and LTE coverage in underground Gautrain stations, but this is only the beginning. Here is how Vodacom will provide coverage in tunnels and inside the trains.

MTN SA CEO resigns

Ahmad Farroukh

MTN Group has announced the resignation of Ahmad Farroukh, CEO of MTN South Africa.

X

Newsletter Subscription


Name
Email *
Enter the following to confirm your subscription *
Captcha image


Free MyBroadband Newsletter
Subscribe
X
bool(true)