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Dropbox targets deep-pocketed businesses to increase revenue

Facing stiff competition, it unveils two new products - file synch and content collaboration tools

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Dropbox's effort to build up its business offerings appears to have bolstered its bottom line. According to Mr Houston, the company is projected to surpass US$1 billion in annual revenue. "We fundamentally redesigned Dropbox from the ground up," he says.

San Francisco

A DECADE after its founding as a file-sharing business, Dropbox Inc is trying to become a new kind of company.

On Monday, the highly valued digital storage firm unveiled two new products - file synch and content collaboration tools - as part of a years-long effort to...

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