Dropbox acquires US-Israeli mobile document firm CloudOn

Online document-sharing company Dropbox has acquired U.S.-Israeli CloudOn, a developer of tools to simplify creating and editing documents on mobile devices, the companies said. Financial details were not disclosed. CloudOn will become Dropbox’s first Israeli office and will focus on research and development. Dropbox plans to hire more engineers for the Israel operations. In November, Dropbox teamed up with Microsoft  to allow Office software users to manage and share files through Dropbox’s website and mobile app. It said they would team up with online file-sharing company Dropbox to allow Office software users to manage and share files through Dropbox’s website and mobile app. Microsoft said the functionality would be included in the next updates to the Office mobile apps and online accessibility would be available in the first half of 2015. Microsoft already has a file-sharing service called OneDrive , but partnering with Dropbox will allow it to tap more than 200 million users of the Silicon Valley startup ‘s services. With inputs from Reuters