Dropbox Hires New CFO

Dropbox, the cloud storage company, replaced its insider CFO Sujay Jaswa with former Motorola Mobility CFO Vanessa Wittman yesterday afternoon.  Wittman has longtime experience in the public sector, raising questions about the company’s IPO plans.  Dropbox was previously expected to IPO in 2016 and is reportedly working on additional funding that could raise its market value to $11 billion.

Dropbox is a member of the Triton Research IPO Watchlist, a continuously updating database of companies we expect to either IPO or be acquired.  The current IPO Watchlist is comprised of 108 companies organized by investment theme.