Dropbox, fresh off a $250M funding round at a $4B valuation, has acquired Cove, a startup...

|By:, SA News Editor

Dropbox, fresh off a $250M funding round at a $4B valuation, has acquired Cove, a startup working on a web collaboration product. Cove's software, developed by ex-Facebook engineers, could leave Dropbox better-positioned to deal with expected competition from a Google (GOOG) cloud storage service - especially since Google Apps has long been praised for its collaboration features.