Dropbox has acquired Clementine, the workplace communication company. According to its blog post, Dropbox will build on its technology and enable it to engage with over 400 million users and 100,000 businesses.
The Clementine service will be shutting down. But the free portions of the app will remain active for current users until end of August this year. Regular and premium subscribers will be duly transitioned.
Dropbox claims 100,000 business users including big names like MIT and Hard Rock Cafe but is facing stiff competition from companies such as Box and Egnyte that aimed at enterprise early. Looking to up the ante, Dropbox recently added tools and functionalities that provide a layer of security over shared documents and just make the sharing process simpler.