Dropbox has entered into a definitive agreement to acquire eSignature and document workflow platform HelloSign for $230m in cash. Dropbox hopes the acquisition can help to offer its users a better experience and simplify their workflows. The acquisition is expected to close during Q1 2019.

Despite the acquisition, HelloSign, which boasts over 80,000 customers, will continue to operate as normal within Dropbox. Its suite of capabilities includes eSignatures with HelloSign, online fax via HelloFax, customisable document workflow solutions in HelloWorks, and the HelloSign API.

“We’re thrilled to welcome HelloSign’s talented team to Dropbox and add their capabilities to our product suite,” said Drew Houston, CEO and co-founder of Dropbox. “HelloSign has built a thriving business focused on eSignature and document workflow products that their users love. Together, we can deliver an even better experience to Dropbox users, simplify their workflows, and expand the market we serve.”

Joseph Walla, CEO and co-founder of HelloSign, added: “Over the past 10 years, Dropbox has built a trusted global brand focused on transforming people’s working lives. We share a design philosophy based on building the best experience for end-users, fuelling our efficient business models and sales strategies. Together with Dropbox, we can bring more seamless document workflows to even more customers and dramatically accelerate our impact.”