Fremont: The M&A still seems to be a hot game for the big companies to spread off their services or products offering to their customers. Below mentioned are few such Indian founded startups based out of India and U.S. that either got acquired or had acquired another company in the month of February 2012.

Dropbox Acquires Cove

The web-based file hosting service Dropbox made its first acquisition, Cove. As part of the acquisition, the co-founder of Cove, Aditya Agarwal, Ruchi Sanghvi, Akhil Wable and Joshua Jenkins will join Dropbox, with Agarwal and Sanghvi playing senior roles.

Cove is a collaboration startup that was founded in 2011 by the former Facebook Executives. It has raised $2.1 million funding from Dustin Moskovitz, Founder of Facebook, and an early Facebook employee Adam D’Angelo, among others.

Dropbox is an online file storage company founded in 2007 by Drew Houston and Arash Ferdowsi. It has raised $257.2 million in funding from Sequoia Capital, Accel Partners, Index Ventures, Benchmark Capital, and several others.