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Dropbox Acquires Big Data Company ‘Parastructure’

Parastructure

Dropbox has been acquiring companies to help it expand the services that it can offer to consumers and enterprises beyond cloud storage. But the company — which has raised $1.1 billion and is among the larger tech startups tipped for an IPO – is also making strategic acquisitions to help keep its own house in order. We have found out that Dropbox has quietly acquired a company called Parastructure, a startup still in stealth that builds data-analysis software on top of open source infrastructure. TechCrunch has confirmed with a reliable source that the acquisition was in the “lower eight figures,” which could be anything from $10 million up to $50 million. Neither company would confirm the deal to TechCrunch. “Thanks for checking – we don’t have any comments however!” a spokesperson told me.

Read the full story at TechCrunch.

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More Stories By Shelly Palmer

Shelly Palmer is the host of NBC Universal’s Live Digital with Shelly Palmer, a weekly half-hour television show about living and working in a digital world. He is Fox 5′s (WNYW-TV New York) Tech Expert and the host of United Stations Radio Network’s, MediaBytes, a daily syndicated radio report that features insightful commentary and a unique insiders take on the biggest stories in technology, media, and entertainment.