Torch Partner

Maija Palmer

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.