Financial Advisor
Boxcryptor
M&A Advisory
Has Sold Key Assets To
Transaction Details
- On November 29, 2022, Dropbox, Inc. (Nasdaq GS: DBX) announced that it has signed an agreement to acquire several key assets from Boxcryptor
- With the acquisition of Boxcryptor’s end-to-end zero-knowledge encryption technology for cloud storage, Dropbox will provide an additional layer of security to its customers
- Going forward, the new mission of the Boxcryptor management and development team will be to embed Boxcryptor’s IP technology natively into the Dropbox product
About the company
Boxcryptor
Founded in 2011, Boxcryptor is the market leader for security solutions in the area of cloud storage. Its award-winning encryption solution supports more than 30 cloud storage providers and serves customers in more than 190 countries. For more information, visit www.boxcryptor.com/en/.
Dropbox
Founded in 2007, Dropbox (Nasdaq GS: DBX) is a leading global collaboration platform with more than 700 million registered users across 180 countries. Dropbox is headquartered in San Francisco, CA, and has offices around the world. For more information, visit www.dropbox.com/.
Sources: Company Information, Press Releases
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