You are here

Verst Team Joining Dropbox

Verst Team Joining Dropbox
Share:

Dropbox has obtained Verst, a New York startup that aims to help web publishers profit from features such as paywalls, the startup announced last week. Verst’s services will close down on December 21, and the group will join Dropbox. The cost of the deal has not been announced.

Interestingly, the acquisition incorporates solely the Verst group and not its intellectual property.
Verst began as DWNLD, which landed $12 million from Greylock Partners in 2015 to assemble a platform that made individuals custom applications. The problem was that a great many people weren’t utilizing publishers’ applications to read or watch good content, Verst CEO AJ Frank disclosed to Business Insider not long ago. They were either utilizing social media applications like Facebook or the open web.

“In short we are shutting down the platform on 12/21 so that we can apply everything we’ve learned towards Dropbox mission to simplify the way people work together, “ CEO AJ Frank wrote in a blog post. “We’re excited to welcome the Verst team to Dropbox. Their talent in building simple powerful publishing tools will help us create new product experiences that unleash our user’s creative energy.”

When Business Insider wrote about Verst in July, the company had just launched a paywall feature that let publishers isolate openly available content from a “premium” fare. Verst’s standard membership was $29.99 per month and included site hosting, paywall, and different highlights like the ability to run advertisements and A/B test headlines and pictures. DWNLD became “Verst” about a year prior. The new origination of Verst was a simple step to help distributers and makers – particularly little ones – make income on the web.

In a statement, the Verst team said it would “apply everything we’ve learned towards Dropbox’s mission to simplify the way people work together.”


Share:
Kashish Ambekar
Kashish Ambekar
Kashish moved to UAE from London after graduating from UEL in Masters of Business Administration specialising in Finance. Money smelt good although tipping in rubies was a forte in Dubai which he couldn’t afford let alone implement. India happened naturally by birth and the ever developing market proved no bounds in almost every Industry. The Art of writing came naturally to him, short stories to professional articles in lieu of being therapeutic once, to a full time content writer. Currently he works for XDBS as a senior business development manager and is extremely devoted as much as his thoughts have found a way to be penned for technology in support to TechFunnel.com.

Similar Articles

Additional Resources to Download

Top