Deal creates UK document sharing challenger
SkyDox, the online document sharing company, has bought its larger US rival Workshare and raised £20m from venture capital groups in order to create a stronger UK challenger in the market for online work collaboration.
Anthony Foy, chief executive of Brick Lane-based SkyDox, said the combination of the two companies, which creates an entity with annual revenues of around £20m, would allow them to better challenge rivals such as Box and Dropbox in a fast-growing market. Read more
Apple has accumulated 125m users of its iCloud service just six months after the launch. But while it does a great job of saving and moving photos and music between different Apple devices, it is less agile with documents, video and non-Apple products – a weakness that three updated services are exploiting.
Tech bubble 2.0, revisited
It seems that August’s stock market mayhem has done little to deflate the latest internet bubble – at least, when it comes to private companies with strong growth prospects and some traction in their business models. The latest case in point: Workday. Read more
Tech news from around the web:
Cloud storage service Dropbox is looking to raise between $200m-$300m in a new round of fundraising, according to TechCrunch. This gives the company a valuation of approximately $5bn, TechCrunch estimates. Read more
| About this blog | Blog guide |
Richard Waters has headed the FT's San Francisco bureau since 2002 and covers Google and Microsoft, among other things. A former New York bureau chief for the FT, he is intrigued by Silicon Valley's unique financial and business culture, and is looking forward to covering his second Tech Bust.
Chris Nuttall has been online and messing around with computers for more than 20 years and since 2004 has reported from the FT's San Francisco bureau on semiconductors, video games, consumer electronics and all things interwebby.
Maija Palmer has been writing about technology for the FT since 1999 and is fascinated by cybercrime, privacy and all the other issues of the information society. Based in London, she covers European tech companies and hopes that they won't all get acquired by American rivals.
Robin Kwong is the FT's technology, media and telecoms page editor in London. Formerly he was the Taipei correspondent and wrote about the companies that manufacture the vast majority of the world's computers and gadgets. He is interested in the intricacies of the technology supply chain and how China is increasingly changing the tech landscape.
Tim Bradshaw is the FT's digital media correspondent, and has just moved from London to join our team in San Francisco. He has covered start-ups such as Twitter and Spotify, as well as the online ambitions of more established media companies, such as the BBC iPlayer. He also covers the advertising, marketing and video-game industries. Tim has been writing about technology, business and finance since 2003.
