Dropbox acquires design-minded collaboration tool startup Pixelapse

Cloud storage company Droxbox has acquired Palo Alto-based  Pixelapse, a visual version-control and collaboration platform for designers. Financial terms of the acquisition have not been disclosed but the Pixelapse team has confirmed the Dropbox deal in a blog post.It added that Pixelapse as a standalone product will continue to operate and be supported for the next year.

At this point, Dropbox does not intend to replace popular file formats but would rather want users to keep using what they like and store it in Dropbox.According to Venture Beat, Pixelapse’s software already syncs with Dropbox, and it supports more than 50 file formats, including Adobe Illustrator, Photoshop, and Fireworks. It renders front-end text files in CSS, HTML, Javascript, and more. This high level of interoperability with other tools makes it a great addition to Dropbox’s product."Our new development efforts will be focused on bringing the same kinds of collaboration and workflow experiences that you're used to in Pixelapse over to the core Dropbox product," added Pixelapse leadership.Shravan Reddy and Min Ming Lo cofounded Pixelapse in 2011. This would be Dropbox's second acquisition this year. Earlier reports suggest that Dropbox acquired US-Israeli mobile document firm CloudOn. CloudOn will become Dropbox’s first Israeli office and will focus on research and development. Dropbox plans to hire more engineers for the Israel operations.