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Dropbox drops some cash to add Loom and Hackpad

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(Credit: Loom) This image file contains the company logo of San Francisco, US-based photo and video cloud storage Loom.Loom
April 18
1:41 PM 2014

Dropbox has just acquired cloud photo service Loom and collaborative smart document tool Hackpad, both of which are iOS apps for now, according to Android Headlines. The financial terms of both purchases have not been disclosed in the said report.

The cloud storage giant will most likely integrate Loom into its own service to beef up its auto-upload feature. Hackpad, on the other hand, will function as an added service for Dropbox, the report detailed.

Loom, a cloud photo storage exclusive for iOS, is similar to the auto-upload service of Dropbox. The difference lies in its superior intuitive feature. The app will be shuttered on May 16. This means an Android version of Loom will most likely not materialize, the report explained.

Hackpad is a collaboration tool that businesses can use to delegate tasks and discuss company ideas. Like Loom, this tool is available for iOS devices as of now. But unlike Loom, Hackpad will not be shuttered. The app's social feature makes it an interesting business tool for its users, Android Headlines reported.

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