Box is to acquire small start-up Subspace to ramp up its ability to collaborate and access data on any device. The business which only launched in 2013, pioneered the use of containerised browser technology for managing access to content from multiple devices.
The solution is for those needing to guarantee that data will be secure, no matter what device accesses the data eg personal mobiles and tablets or business devices, and is aimed particularly at those verticals with strict security such as medical and financial services market.
Commenting on the acquisition Box co-founder Aaron Levie explained that many businesses were having problems finding software that supports compliance and control requirements, and the solutions available often introduced complicated workflows in the process. “As a result, users bring in consumer tools to do the job instead, leaving the organisation ultimately less secure. At Box, we see this as an unnecessary sacrifice. Our customers like Stanford Health Care, Eli Lilly, T Rowe Price and Nationwide Insurance need solutions that can keep them protected, but that also drive their productivity forward.”
The current Subspace service will shut down its operations as of April 3, 2015 and will be integrated into the Box security systems. For example, Box's native Information Rights Management, which allows for preview-only access to content, watermarking, download statistics, and other advanced policies, will be able to be applied to any content on Box, even if it’s being accessed by a partner on a home computer or a contractor on a mobile device.