Recently, Dropbox announced a new version called Dropbox for Teams, which is aimed at its business users. Although many companies have been utilizing Dropbox’s storage, the service has lacked a targeted feature for teams.

Similar to Apple’s iCloud, Dropbox is a free service that lets you easily upload and access photos, documents, and videos from anywhere. The accounts are free, but only if you plan to stay under 2 gigabytes.

The new service works the same as the regular Dropbox service – you put files into a Dropbox folder on one computer, which begin to sync on all the other computers where the Dropbox application is installed.

Instead of requiring individuals to have their own accounts, Dropbox for Teams provides a terabyte of storage for up to five users for $795 per year. Each additional team member will cost $125 per year and will receive 200 more gigabytes of space.

Offering the new team service makes collaborating much easier. For example, if you have 50 gigabytes of storage, but your employees only have the free account, it makes sharing large documents or videos difficult. Additionally, one person can manage the account, which takes the headache out of getting everyone to sync.

Founded in 2007, Dropbox has more than 45 million users in 175 countries. While expensive up front, the service is great for backing up files and collaborating on everything from day-to-day tasks and large projects.

[Via: Engadget, Image credit: Caroline]