LOS ALTOS, Calif.--(BUSINESS WIRE)--Box (NYSE:BOX) today announced that it is acquiring Subspace, an innovative startup that helps IT departments enable employee productivity with secure collaboration and access to data on any device. All seven members of the Subspace team – including founders Jon Fan, Ben Kus and Peter Loer – will join Box. Subspace will shut down its operations as of April 3, 2015.
“Today’s enterprises are faced with the challenge of helping employees be productive and work from anywhere, while at the same time securing their company’s most valuable data,” said Aaron Levie, co-founder and CEO of Box. “Jon, Ben, Peter and the whole Subspace team bring an incredible depth of experience and technology to solving this problem. We can’t wait to have them join Box as we continue to transform the way people and organizations work.”
Founded in 2013, Subspace has pioneered the use of containerized browser technology for managing access to valuable content from the rapidly growing number of corporate and personal devices used in the workplace. Subspace's technology enables people to be productive and collaborative, while at the same time securing data stored on cloud applications and accessed from laptops, mobile phones, and tablets.
At Box, the Subspace team will help extend the security, compliance and control features of Box's content and collaboration platform to any device used to access data, regardless of whether it’s a company or personal device. 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.
“Box is pioneering enterprise content management in the cloud and changing how millions of people around the world share and collaborate,” said Jon Fan, co-founder and CEO, Subspace. “No other company has been able to marry the needs of knowledge workers to be more mobile and collaborative with the security and compliance requirements of enterprise IT. Subspace was founded with the same mission to make next-generation productivity as secure as possible. We’re thrilled to be joining Box.”
Throughout the past several months Box has continued to invest aggressively in security, compliance and administrative technology for its more than 44,000 customers, which include 48% of the Fortune 500. For example, in December 2014 Box announced Box Trust -- a unified network of more than 19 security partners and solutions -- and Box Enterprise Mobility Management -- a new mobile app for iOS and Android -- to ensure the best security, visibility and accessibility for critical business content stored on Box. And in February 2015, Box launched Enterprise Key Management, a breakthrough in cloud-enabled content management and collaboration that gives enterprises full control over their encryption keys while still enabling all of the key experiences and capabilities that make Box delightful to use for individuals.
For more details about Box’s acquisition of Subspace, visit the Box blog.
Founded in 2005, Box (NYSE:BOX) is transforming the way people and organizations work so they can achieve their greatest ambitions. As the world's leading enterprise software platform for content collaboration, Box helps businesses of all sizes in every industry securely access and manage their critical information in the cloud. Box is headquartered in Los Altos, CA, with offices across the United States, Europe and Asia. To learn more about Box, visit www.box.com.