Google Inc (NASDAQ:GOOG) has partnered with Dropbox and several other tech companies to battle patent trolls (non-practicing entities). Patent trolls are companies that buy old patents and tries to make money with them by accusing large companies of infringement. The patent trolls generally request a one-off licensing fee to end lawsuits. Many tech companies end up paying the fees because it is cheaper than defending the patent infringement claim. This is the reason why many people believe the patent system in this country is broken. Six companies have partnered to launch the License on Transfer Network (LOT Network).
Parastructure has been acquired by Dropbox. Parastructure is a stealthy startup that helps companies analyze data and put together stacks of business intelligence. The deal was reportedly worth between $10 million and $50 million, according to TechCrunch.
Dropbox has acquired MobileSpan, a company that helps enterprise employees access content behind firewalls securely. MobileSpan is going to shut down at the end of 2014 and active development on the software will stop immediately.
Cloud storage service Dropbox has acquired early stage startup Droptalk. Droptalk was still in stealth mode when it was building a Chrome extension, Android app, and iOS app to share files and links. The browser add-on was created in limited beta. The terms of the deal were undisclosed.
Cloud storage company Dropbox has announced that it has hit 300 million users. This means that 100 million users were added in the last 6 months alone. The company hit the 200 million user mark in November 2013. That is some explosive growth! Dropbox took around one year to hit 100 million users in November 2012.
Cloud storage company Dropbox has acquired Loom for an undisclosed amount of money. Loom’s user base will be rolled into Dropbox’s new Carousel app by May 16 and Loom will be shut down after that. Loom is no longer accepting new users. Loom’s 8-person team will be joining Dropbox to work on Carousel.
Dropbox has added Condoleezza Rice to its board of directors. Rice is the former U.S. secretary of state. She is also a longtime professor and administrator at Stanford University. Rice’s firm RiceHadleyGates has been an active advisor to Dropbox. Dropbox made the announcement on Wednesday around the same time that Carousel was launched.
Dropbox has announced a new service called Dropbox for Business today. Dropbox gives users the ability to switch between personal files and business files. Users can access both Dropboxes from any device. This gives admins more visibility and control of company data.