Fresh off its IPO in January, Box has made its first acquisition of the year, buying a small security startup called Subspace, the company said on Wednesday. Financial terms of the deal were not disclosed, but all seven Subspace employees will be joining Box and the startup will be closing up shop by April 3.
Subspace touts a supposedly secure browser that connects to a corporate network, whether it be on-premise or cloud-based. The browser is hooked up to the Subspace cloud-based backend where an organization’s IT staff can control access and craft data-protection policies for the websites and applications that a user might visit within the Subspace browser.
In a blog post on the acquisition, Box CEO Aaron Levie wrote that the Subspace staff will be working on Box’s data security efforts and “will let us go even deeper with our security and data policies, enabling reliable corporate…
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