Cambridge start-up Zulip aquired by Dropbox

Who needs name recognition when you've got Dropbox?

Zulip, a stealthy enterprise messaging company that is still in private beta, has been acquired by the cloud giant, according to TechCrunch. Zulip, which makes a suite of messaging apps, was founded by four MIT grads and MassChallenge alums. Zulip's product is still closed to the public, but is designed to change how people work together at companies.

The Cambridge-based company is "brand brand new," according to investor Paul English, who spoke to reporters in Boston after an event this morning. He said Zulip was started around 6 months ago.

"In some ways I'm disappointed, I wanted to see them go forward on their own, but I also love Dropbox the company, so I'm waiting to see what they do there," English said.

He said he invested "maybe $50 thousand" in Zulip, calling it a "good deal" for him. English first met Zulip's founding team, including CEO Jeff Arnold, as a judge for MassChallenge when the team was working on Ksplice, a company that was aquired by Oracle in 2011.

"I fell in love with the team, they had a really good dynamic between them," English said. He said he is not sure whether the Zulip team will stay in Cambridge or move to Dropbox headquarters in San Francisco.

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