Start-ups Expand Dropbox

Written by Computer Daily News      22/04/2014 | 09:25 | Category: INDUSTRY

Online storage outfit Dropbox has acquired start-ups Loom and Hackpad in a bid to expand its services. Loom is a photo-sharing company while Hackpad is a document-sharing start-up.

Start-ups Expand Dropbox
Dropbox has been making small acquisitions in the past two years and appears to be ramping up the pace, buying at least four companies this year.

San Francisco-based Loom said it will shut down its service and roll it into Dropbox's recently released Carousel cloud-based storage service.

Loom launched its paid photo service in October 2013 with US$1.4 million in backing from investors.