Dropbox acquires Readmill employees, shoring up offering

March 31, 2014


Dropbox acquires another company

Dropbox has acquired social reading app, Readmill, which will shut down this year after developing a beautiful mobile app for sharing book highlights with your friends. Tech writer Romain Dillet reports that the deal value is around $8 million in stocks and cash, and is truly a talent acquisition to strengthen Dropbox’s core services.

Now, visitors to the Readmill site are met with founders David Kjelkerud and Henrik Berggren’s statement, noting that “it is no longer possible to create an account, and on July 1, 2014, the Readmill app will no longer be available,” and users can export their reading data and download their books.


What this means for both companies moving forward

Dropbox has been on an acquisition spree, and is pulling ahead in the cloud race, strengthening their offering to what is shaping up to be a potential backbone for company communications. Will Dropbox be adding Readmill-esque features to their lineup? In some form, it is possible.

Readmill is shutting down, and despite a pay day and a job that takes the team to San Francisco, the founders’ letter to users is an apology to fans.

Advertise with The American Genius

“Readmill’s story ends here. Many challenges in the world of ebooks remain unsolved, and we failed to create a sustainable platform for reading. For this, we’re deeply sorry. We considered every option before making the difficult decision to end the product that brought us together.”

Fans may be disappointed, but they should look to Dropbox to see if that disappointment will be short lived or not.

Get paying customers from other sites DandyLoop has launched in beta to help online stores to improve sales creatively, by creating a network of online shops that recommend each other's non-competing products which appear on each others' sites automatically after setup. DandyLoop seeks to increase exposure, sales, and revenues by…
"Deciding a time and place for lunch shouldn't take 10 emails." We agree. And so does Calvin, a new app just launched in beta that has decided to make planning suck less. The goal is for you to skip the inbox and collaboratively plan a time and date without endless…

AGBeat is news, insights, tools, and inspiration for business owners and professionals. AG condenses information on technology, business, social media, startups, real estate, economics and more, so you don’t have to.

Leave A Comment