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Dropbox to Acquire E-Signature Software Company HelloSign

Deal is worth $230 million, expected to close this quarter

Dropbox and HelloSign Executives

Dropbox and HelloSign Executives

Dropbox

Dropbox Inc., a maker of software for syncing and sharing files in the cloud, agreed to acquire HelloSign for $230 million in cash to add tools for digitally signing contracts and documents.

HelloSign, whose more than 80,000 customers include Instacart Inc. and Lyft Inc., will remain an independent business. The San Francisco-based company already had a product for use in Dropbox and the two companies will work to get more Dropbox users to choose HelloSign for documents that require signatures. The deal is expected to close this quarter.