Enterprise storage firm Box has announced that is has acquired a new company, which specialises in advanced data analytics to help companies derive more insights from the data they store.
The company, called dLoop, will allow Box to add more functionality to its tool by allowing information to be displayed within its control panel, as Sam Schillace, vice president of engineering at Box, explained in a blog post announcing the news.
“DLoop technology creates continuous document graphs and clusters from a pile of unstructured content using machine-learning algorithms,” he said.
“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.”
He said this would maintain the security of its product while offering more insights into data.
"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. 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."
The firm also said that co-founder of dLoop Divya Jain has joined the company and will lead the advanced content analysis and data classification work at the company.
The move comes as Box faces increasing pressure from previously more consumer-orientated rivals such as Dropbox, which is now starting to push into the enterprise market with a new service it claims will offer administrators full control over stored data.
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