Los Altos, California-based cloud storage company Box acquired dLoop to provide a more enhanced data security. The terms of the acquisition deal were not disclosed, according to a report by TechCrunch.
dLoop is a startup that provides methods for IT administrators to control data access with finer granularity. The acquisition will give Box access to data analytics required for enterprise customers, the report said.
According to a blog posted by dLoop, the company's co-founder Divya Jain will be joining Box as the head of advanced content analysis and data classification. Prior to the acquisition, the startup had five employees, the report stated.
Box's collaboration with dLoop will make it easier to find content on a network that might be difficult to discover in a traditional search. Constellation Research analyst Alan Lepofsky told TechCrunch that content classification is not available in other cloud sharing sites Dropbox and ShareFile. This new feature will make Box a bit ahead of its competitors, the report explained.
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