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Box buys secure browser startup

BOX has acquired Subspace, developer of a secure browser (based on the open-source Chromium project that Google Chrome relies on) for accessing corporate data and cloud apps. Terms are undisclosed.
Though Box praises Subspace's technology, the purchase has elements of an acqui-hire: Subspace will shut down its operations next month, and its employees will "help extend the security, compliance and control features of Box's content and collaboration platform to any device used to access data." Subspace CTO Ben Kus has been named Box's director of security product.
Among other things, Subspace's team will help make Box's Information Rights Management solution (supports preview-only content access and watermarking) applicable to any kind of content., including material accessed by partners and remote workers.
Last month, Box announced the purchase of cloud software monitoring startup Airpost.