CloudOn has announced it has been acquired by popular document storage and syncing service Dropbox, with the two companies joining forces to advance document editing, storage, and more through the cloud. As part of the deal, CloudOn's existing services will shut down on March 15.
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.
As pointed out by The Wall Street Journal, Dropbox has been purchasing dozens of small startups to bolster its overseas presence, and CloudOn gives Dropbox a presence in Israel. According to Dropbox's head of product, business and mobile, Ilya Fushman, the CloudOn partnership is the largest number of employees added into the company through an acquisition.
CloudOn rose to prominence three years ago when it launched an iPad app that used the mobile device as an interface for a full cloud-based app located on their servers, allowing users to run an instance of Microsoft Office on their iPads. CloudOn's services have evolved over time, but the company has continued to focus on Office document editing and creation, making a partnership with Dropbox a natural fit.