In a recent development, cloud-based service Dropbox made a deal with CloudOn and acquired this Israel based mobile productivity startup back on Tuesday. Basically CloudOn is a developers tools which is used to create and edit documents on the mobile devices.
This Israel based startup has more than 9 million users who often use it to edit Microsoft word and Excel documents.Reported on WSJ, Dropbox's Head of Product, Business and Mobile, Ilya Fushman, said that, "the more than 30 employees at CloudOn will join Dropbox and the firm's Israel office will become a base for the company's "aggressive hiring" in the region."
As from yesterday CloudOn stopped the new users registration and said that it's services will be completely shutt down from March 15th onwards.
Recommended link: About 7 Million Dropbox Passwords and Usernames Have Been Hacked
Fushman also quoted that, the CloudOn team is "the largest number of employees Dropbox has added through an acquisition, and added that they will begin work on Dropbox products after its shutdown."
Neither of the companies disclosed the exact price of the deal nor mentioned anything about it, but reports in Techcrunch said, "CloudOn's mission of making it easy to work on mobile aligns with Dropbox's goal of giving people the freedom to work the way they want, wherever they want."
This is not the first time that Dropbox acquired a company, it had already acquired Droptalk, a photo app Loom and Hackpad.