Dropbox Bolsters Position in Cloud Photo-Sharing Space with Snapjoy Acquisition

Dropbox Bolsters Position in Cloud Photo-Sharing Space with Snapjoy Acquisition

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San Francisco, CA—Dropbox, a free online service that lets consumers bring all their photos, docs and videos anywhere and share them easily, has been making moves to become the dominant player in photo storage and sharing. To that end, Dropbox announced it acquired Snapjoy, a cloud-storage firm based around aggregating photos from around the web and from various devices.

This acquisition came on the heels of the launch of an important update to Dropbox’s mobile apps, which introduced a new Photos tab. The tab provides a front-end viewing experience for images stored in Dropbox’s cloud.

As a result of the deal, Snapjoy is no longer accepting new signups, but assured existing customers that their photos were safe. “By combining forces with [Dropbox’s] amazing team, we can leverage the technology and scale of their platform and focus on what matters—delivering an incredible photo experience to over 100 million people.” Snapjoy’s founders, Michael Dwan and JP Ren, wrote in their blog.

Terms of the deal were not disclosed. dropbox.com

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