VENDORiQ: Dropbox Acquires DocSend
9 March 2021: Dropbox has acquired DocSend for US$165 million. This is a welcome addition to managing the risks associated with information management in a collaborative environment.
Why it’s Important
Dropbox’s acquisition is not about organic growth, as DocSend’s client base of 17,000 users is dwarfed by Dropbox’s estimated 600 million. The deal is more about positioning Dropbox against the likes of Adobe Document Cloud, by allowing organisations to track what happens to information once it is shared. Being able to manage and track document access is a critical aspect of modern, enterprise-grade file sharing which is needed for secure collaboration. It is a feature missing in most collaborative platforms - at least out of the box.
- Development team leads
- Business analysts
Being able to manage access and track who’s accessed a document is a good start for closing the governance issues of most collaborative platforms (e.g. Teams, Slack, Zoom, Zoho, etc.) However, organisations should look at adopting a zero trust model for information assets, involving identity management linked to access controls and an ‘encrypt everything by default’ mentality.
Related IBRS Advisory
- Did Dropbox just break knowledge management?
- IBRS survey exposes Teams risk - The Australian - 21 January 2021
- Microsoft Teams governance: Emerging better practices
- Data loss by the back door, slipping away unnoticed
- Workforce transformation Part 2: The evolving role of folders for controlled collaboration