tech2 News StaffJun 17, 2014 12:44:48 IST
Dropbox has been making some strategic acquisitions in recent months, and has added a big data startup to the list with Parastructure. According to a report by Techcrunch, Dropbox has quietly acquired Parastructure, a startup that ‘builds data-analysis software on top of open source infrastructure’.
According to some sources, the deal is likely to be sealed at an amount between $10 million up to $50 million, adds the report. Parastructure’s site has now gone offline. Its LinkedIn page describes the startup as, “beautiful data analysis software powered by cutting-edge open source infrastructure.”
The report also adds, according to some sources, Parastructure has been having phenomenal business prospects going forward and solves relational database problems no one else is tackling. Parastructure was founded in 2012 by Salik Syed and Ryan Noon from Stanford.
Another report says Dropbox doesn’t intend to employ the technology right away. VentureBeat points out, “Rather than provide features for all 300 million people who use Dropbox, Parastructure’s application is more likely to be incorporated into technology for Dropbox employees who want to get a picture of what’s going on.”
It is quite clear that along with increasing its customer reach and scaling up, Dropbox is also looking to strengthen its cloud infrastructure for reliable and faster performance. With Parastructure's tech, Dropbox could consolidate the data from its various apps such as Dropbox itself, along with Carousel, a photo app and Droptalk, an enterprise messaging service.
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