Box Acquires Analytics Firm dLoop
Enterprise cloud storage provider Box looks to power its admin tools with its latest acquisition
Cloud storage specialist Box has announced it has acquired analytics firm dLoop, whose technology creates document graphics and clusters from unstructured data to increase the visibility of information.
This functionality will be incorporated into Box’s administration tools, while dLoop co-founder Divya Jain will move to Box as part of the deal to head up its advanced content analysis and data classification efforts.
“We’re incredibly excited to extend the richness and functionality of Box with new enterprise controls that provide admins even greater safeguards around enterprise content,” says Sam Schillace, senior vice president of engineering at Box. “This technology helps discover documents that are normally unreachable by search or pattern matching solutions, strengthening cloud security and increasing visibility of high value content.
“Instead of forcing enterprise admins to rely on easily breakable search strings and regular expressions, Box will automatically locate related content that they need to see.”
The company recently opened an office in London as part of its ongoing expansion and has acquired a number of companies in order to gain access to their technology. These include Crocodocs, whose technology powers Box’s HTML5 preview feature, and French startup Folders for the technology behind the cloud firm’s mobile applications.
Box is expected to launch an initial public offering (IPO) next year, with reports suggesting it has already chosen its banks for the flotation, which could generate as much as $500 million for the company, which was formed in 2000.
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