Dropbox acquires cloud based platform FormSwift

Dropbox has announced the acquisition of FormSwift, a cloud-based platform that allows businesses to create, modify, approve, share, and print business forms and documents.

The corporation stated that it would pay $95 million in cash for the San Francisco-based startup. The buyout is a step toward Dropbox’s eventual goal of building an end-to-end “agreement workflow capability”.

Dropbox’s document workflows product suite will now include FormSwift. FormSwift, according to the firm, has a library of frequently used forms and agreement templates, as well as a client base equivalent to their own.

It works alongside existing document storing, signing, and sharing tools including Dropbox Sign, Dropbox Forms, and DocSend.