SAN FRANCISCO (Reuters) - 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)
The Democratic Debate: Prepare for an Orgy of Unicorn Farts and Pixie Dust | RedState
Will progressives flee to web TV if MSNBC bails on them?
Salon: Ben Carson is a 'black face GOP political minstrel'
- Vladimir Putin’s Russia Adopts Concealed Carry
I Feel Sorry For Real Men In The Millennial Generation
Feminist Fabricator Lena Dunham Rides Again | Human Events
Supreme Court Will Refuse To Hear "Assault Weapons" Ban Case. Here's Why. - Bearing Arms - Assault Weapons Ban, Illinois, Supreme Court