MSP Cloud Feature Article
October 27, 2011

Dropbox for Teams Offers Secure, Cloud-Based File Storage Solution for SMBs

Free document sharing service Dropbox (News - Alert) has announced its Dropbox for Teams service, geared toward small and medium-sized businesses. The company is aiming to bring its cloud-based, easy-to-use model to SMBs through the new solution, which also offers new administrative controls, centralized billing and phone support.

Dropbox for Teams offers the same user experience as the free Dropbox service. The company provides an easy-to-use interface for adding and updating files, including documents, photos and videos, by adding them to the Dropbox folder. Changes are immediately synched across all devices that have Dropbox installed.

The solution is compatible with nearly all computer and smartphone operating systems, including Windows, Mac, Linux, iOS, Android (News - Alert) and BlackBerry. More than 45 million people already use the free Dropbox service.

Dropbox for Teams gives administrators a number of new features, including centralized billing, phone support and controls so that they may easily add and delete users. The service is being offered at $795 annually for five users, and additional seats are available for $125 each. The basic plan offers 1,000 GB of storage, while each additional seat purchased comes with another 200 GB of storage.

The Dropbox for Teams solution is secure, and files are stored encrypted on Amazon S3 in secure data centers. They also remain on users' Dropbox-synched computers for additional backup. Dropbox is used in 175 countries and the service saves one billion files every three days.

The new service will compete with a number of other cloud-based storage solutions geared toward the SMB market. Amazon currently offers the Amazon Cloud Drive, and and SugarSync have been gaining in popularity among small businesses. Apple's (News - Alert) recently launched iCloud will also offer competition.

"People in over a million businesses around the world trust Dropbox for its simplicity and reliability," said Sujay Jaswa, vice president of business development and sales at Dropbox. "Now, Dropbox for Teams will give businesses the control and freedom to rethink how they work."

Dropbox recently announced it had received $250 million in Series B financing, with the funds being used to accelerate growth, make acquisitions, pursue strategic partnerships and grow the team.

The financing round was led by Index Ventures with participating from Benchmark Capital, Goldman Sachs, Greylock Partners, Institutional Venture Partners, RIT Capital Partners, and Valiant Capital Partners. Sequoia Capital, Accel Partners (News - Alert), and Hadi and Ali Partovi also participated.

Edited by Rich Steeves

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