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Dropbox Acquires Formswift

Dec 16, 2022over 2 years ago

Acquiring Company

Dropbox

Acquired Company

FormSwift

San FranciscoSoftwareDocument Management

Description

Dropbox, Inc. (NASDAQ: DBX), today announced it has acquired FormSwift, a cloud-based service that gives individuals and businesses a simple solution to create, complete, edit, and save critical business forms and agreements.

Company Information

Company

Dropbox

Location

San Francisco, California, United States

About

Dropbox is the one place to keep life organized and keep work moving. With more than 700 million registered users across 180 countries, we're on a mission to design a more enlightened way of working.

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M&A Insights

Based on deal data
Integration timeline
70% of M&A integrations take 12-24 months to complete
Tech stack consolidation
83% of merged companies consolidate technology vendors within first year
Post-acquisition investment
Companies increase IT spending by 23% on average after acquisitions
Success factor
M&A deals with strong technology integration plans are 2.5x more likely to succeed