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Dropbox snaps up file security company Mobilespan to bolster corporate credentials

Firm looks to challenge rival Box
Wed Jun 11 2014, 15:09

Dropbox logoSTORAGE VENDOR DROPBOX has snapped up file security firm Mobilespan in order to bolster its business services.

Dropbox has been pushing to market itself as a player in the enterprise cloud market, but with heavy competition in a post-Snowden world, firms need to offer customers security.

Mobilespan is a specialist in providing ways to "allow secure ad-hoc access to business content and editing of office documents living behind the corporate firewall". By combining this technology with its cloud storage service, Dropbox hopes to appeal to businesses interested in the Bring Your Own Device (BYOD) movement, but concerned about safety of sensitive data.

Mobilespan said in a statement, "We still have some way to go before business content is freed from its desktop-focused roots and is made readily usable yet secure on modern mobile devices. Joining forces with Dropbox will allow us to rapidly accelerate the realisation of that dream.

"We feel that our long-term vision for enterprise productivity and collaboration aligns greatly with the vision for Dropbox for Business."

Existing Mobilespan customers will continue to receive service until the end of the year, after which time all its products will be closed down to "focus our energies and expertise on Dropbox for Business", with active development set to stop immediately.

With a decision to buy an organisation centred around privacy, Dropbox hopes to mollify those alienated by the decision to appoint former US secretary of state Condoleezza Rice to its board of directors, in spite of her record on privacy issues under the Bush Administration.

The company, along with its rival Box, recently had its security brought into further question after it was revealed that external links to hosted files were not properly secured.

Financial details of the deal have not been disclosed, however Mobilespan raised $2.6m in venture capital at launch, so the buyout price is likely to be higher. µ


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