Dropbox and Salesforce to integrate cloud services

Dropbox and Salesforce to integrate cloud services

The first integration will be the integration of the Commerce Cloud and Marketing Cloud with Dropbox wherein companies will be able to create customized Dropbox folders within Salesforce Commerce Cloud and Marketing Cloud with the new digital asset engagement offering. The companies said the new integrations will begin rolling out in the second half of 2018 and the prices will be announced when the companies make the integrations generally available.

A series of fundraisings included one in early 2015 valued Dropbox at US$10 billion.

At the high end of that range, Dropbox would come out with a valuation of $7.9 billion, which is still below the $10 billion valuation it received with its last private funding round in 2014.

Dropbox Inc on Monday filed to go public, valuing the cloud storage company at up to US$7.1 billion, almost a third below a valuation three years ago, as concerns rose that it was not growing fast enough to justify a loftier price tag.

Bangladeshi Plane with 71 Passengers Crashes at Kathmandu in Nepal
Back in 1992, there were two wide-body Airbus crashes in the nearby mountains, one of Thai International and another of PIA. It is a subsidiary of US-Bangla Group, a United States-Bangladesh joint venture company.

As part of this IPO, Salesforce's venture arm has agreed to by $100 milion of Dropbox shares, according to the prospectus. Like Uber, the company has yet to turn a profit, having lost $111.7 million past year on revenues of $1.11 billion.

Dropbox has proposed the ticker symbol DBX for its Nasdaq listing. This will allow Dropbox to set a higher IPO price per share without causing disruption among its current investors.

As a result, the IPO will be among the largest tech market debuts since Snap in March of 2017. While it claims to have 500 million users in 180 countries, it posted only 11 million paying clients at the end of past year. It also claims to have over 11 million paying users. In the same period, the company's net losses shrank to $112 million from $210 million. Each share of Class B common stock is entitled to ten votes per share and is convertible at any time into one share of Class A common stock. The latter company is both an investor in Dropbox and an important partner, with the two having announced a collaboration just last week to tighten the integration between their services.

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