Progress to acquire ShareFile from Cloud Software for $875M; suspends dividend – Seeking Alpha

Cloud Software announced progress in their acquisition of ShareFile for $875 million. As a result, the company has decided to suspend its dividend. This move signifies a strategic shift towards growth and expansion for Cloud Software. ShareFile, a popular file-sharing platform, is expected to enhance Cloud Software’s offerings and bolster its position in the market. This acquisition marks a significant investment for Cloud Software, showcasing their commitment to staying competitive in the ever-evolving tech industry.