Dropbox Buys Loom For Photo Sharing, HackPad For Collaboration

Dropbox is having a busy Thursday.

The file sharing giant has acquired Loom, a photo sharing app that offered mobile users up to five gigabytes of free storage. Loom announced the deal on its company blog.

Dropbox recently announced an update to its photo sharing capabilities with its Carousel feature, and the Loom team will likely join Carousel as the home for syncing and sharing the ever increasing amounts of photos people take on their devices.

Unfortunately, the acquisition means Loom will be shutting down its own service within a month. Loom is not allowing any new signups, and the company informed customers that the service will officially shut down on May 16. Current customers can choose to export their photos to Dropbox, where they’ll automatically receive the same amount of cloud storage they had with Loom, or they can opt for a .zip file that contains every image they’ve ever uploaded to Loom’s servers.

Also joining Dropbox—by way of acquisition—is a company called HackPad, a wiki-style collaboration and note-taking tool that could also boost Dropbox’s own recently launched internal collaboration tools.

Unlike the Loom acquisition, Hackpad will continue to remain open to existing and new customers, and the company said it will be working with Dropbox to “bring new offerings to the market.”

Image of Gentry Underwood of Dropbox by Adrianna Lee for ReadWrite

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