We’re thrilled to announce that we’ve 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.
The increasingly digital nature of work today has made it possible for people to work from anywhere. At Dropbox, we’re building tools to help our customers succeed in today’s virtual world by modernizing manual workflows and digitizing tasks traditionally reserved for pen and paper. As people navigate this new way of working, the message from our customers is clear: they’re looking for ways to streamline their workflows, simplify their tasks, and save valuable time.
We know from our customers that document and agreement workflows could especially use improvement. That’s why we’ve focused on building an end-to-end agreement workflow experience—most recently, with simple, secure tools like Dropbox Sign, Dropbox Forms, and DocSend—to help people quickly sign and share their most important agreements. But our small business and freelance customers are still spending valuable time and money searching for or drafting business agreements and other templates necessary to complete their work. Now with FormSwift, customers will have an easy-to-access body of templates that help save time and streamline clunky processes—like searching the web to find appropriate rental agreements or using significant resources to hire a lawyer to draft an NDA.
The FormSwift team has built a successful business focused on solving for a key pain point small business owners and freelancers face: the need for a simple solution to create, complete, edit, and save critical business forms and agreements from start to finish. With a similar customer base of small businesses and freelancers—and a product that is easy to try, use, and buy—FormSwift shares in our goal to simply make work easier for our customers in an increasingly distributed environment.
We’re excited to introduce our customers to FormSwift’s vast library of templates, giving them the ability to find, edit, sign and share the documents they need—all from Dropbox. Now that the deal has closed, we will continue to invest in the FormSwift experience and seek ways to integrate it with other Dropbox capabilities. Today, customers can continue to access FormSwift templates via the FormSwift website, now backed by Dropbox.
Together with FormSwift, we hope to bring more seamless end-to-end document workflows to even more customers.
Welcome to Dropbox, FormSwift!
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Forward-Looking Statements: This post contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995 including, among other things, our expectations regarding FormSwift, its business, and plans to integrate FormSwift’s products within Dropbox. Words such as “believe,” “may,” “will,” “estimate,” “continue,” “anticipate,” “intend,” “expect,” “plans,” “goal,” and similar expressions are intended to identify forward-looking statements. Dropbox has based these forward-looking statements largely on its current expectations and projections about future events and financial trends that Dropbox believes may affect its business, financial condition, and results of operations. These forward-looking statements speak only as of the date of this post and are subject to risks, uncertainties, and assumptions including, but not limited to: (i) our ability to attract new users or convert registered users to paying users; (ii) impacts to our financial results and business operations as a result of pricing and packaging changes to our subscription plans; (iii) any decline in demand for our platform or for content collaboration solutions in general; (iv) competition in our markets; (v) our ability to respond to rapid technological changes, extend our platform, develop new features or products, or gain market acceptance for such new features or products, particularly in light of potential disruptions to the productivity of our employees that may result from our shift to a Virtual First work model; (vi) our ability to improve quality and ease of adoption of our new and enhanced product experiences, features, and capabilities; (vii) our ability to manage our growth or plan for future growth; (viii) our various acquisitions of businesses and the potential of such acquisitions to require significant management attention, disrupt our business, or dilute stockholder value; and (ix) our ability to attract and retain key personnel and highly qualified personnel. Further information on risks that could affect Dropbox’s results is included in our filings with the Securities and Exchange Commission ("SEC"), including our Form 10-Q for the quarter ended September 30, 2022. Additional information will be made available in other reports that we may file with the SEC from time to time, which could cause actual results to vary from expectations. If the risks materialize or assumptions prove incorrect, actual results could differ materially from the results implied by these forward-looking statements. Dropbox assumes no obligation to, and does not currently intend to, update any such forward-looking statements after the date of this post, except as required by applicable law.
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