Enterprise content management and collaboration firm Intralinks has purchased document security firm DocTrackr in a deal worth $10m.
The firm claimed it successfully acquired the firm after seeing off interest from rivals such as Box, as it looks to boost its offerings to enterprises with more security tools.
DocTrackr’s technology helps secure and track PDF, Word, Excel and PowerPoint documents to provide document analytics, audit trails of document activities and dynamic policy management on documents. The service can be integrated into many mainstream services, such as Gmail.
The CEO of Intralinks Ronald Hovsepian said securing the deal would bring numerous benefits to customers. “DocTrackr’s unique technology requires no plugins or viewers, allowing organisations to expand significantly their use of DRM [digital rights management] without compromising user experiences,” he said.
“With DocTrackr’s technology integrated into the Intralinks platform, users have lifetime control over their data and always know how documents are being used and distributed.
Clement Cazalot, CEO of DocTrackr, said partnering with Intralinks was a good step forward for the firm to help bring its tools to more organisations
“Together, we will give enterprise CSOs and CTOs confidence so they can share their most valuable information with partners, customers and remote workers, and retain visibility and full control over their data at all times," he said.
"Of all the companies offering collaboration and file-sharing solutions, Intralinks was the right match because of their clear commitment to information security. We are very excited to join the Intralinks team.”
The deal underlines the growing competition in the collaboration space as more firms look to purchase tools that allow firms across multiple devices and locations to work together in a secure manner.
Last year V3 heard from banking giant UBS about how it is using Jive to increase engagement among employees.
Map selection, quick menus for grenades and healing items and automatic reload coming in PUBG update #22
Could be used for everything from search-and-rescue robots to wearable tech
Don't require the rare material being mined from the mountains of South America
IBM hopes that its new tool will avoid bias in artificial intelligence