Silicon Valley based Box.net, a cloud storage and document sharing startup, has acquired Increo Solutions, the makers of the Backboard and embedit.in products. Both startups share an investor, Draper Fisher Jurvetson.
The deal was briefly announced today on the Increo blog and then deleted. But a Box.net page talking about the acquisition remains live. The acquisition was closed in August.
I spoke to Box.net CEO Aaron Levie briefly about the acquisition. He says the key reason they acquired Increo is to integrate the collaboration and annotation functionality from Backboard. Increo’s underlying technology for displaying documents on websites is also attractive to Box.net.
The size of the transaction is not being disclosed, although Levie says it is a mix of cash and stock. Increo Solutions has raised just $500,000 in venture capital. Box.net has raised $12.5 million.
I don’t know why its called Box.net when the .com also belong to them…
temporary re-direction (they dont own it)
I used to like Box.net until I had an affair with DropBox… I’ve since divorced Box.net. Luckily, there was a prenuptial agreement.
We are a Box.net Value Add Reseller and we see very positive the acquisition of Increo by Box.net
This will give Box.net the edge of Cloud access without depending on third party providers such as iPaper and Google Docs. I am sure that, very soon, display speed now won’t be an issue.
As of for the other comments – please try to compare apples to apples – DropBox is just a sharing site NOT A FULL BLOW COLLABORATION PORTAL….
Congratulations Box.net – Keep Growing
The point you’re missing is that DropBox *is* a full collaboration solution. For the 90% of us who don’t want to press a button marked “Start Collaborating” to get things going, DropBox doesn’t force us to learn anything new or change our behavior in the slightest.
That’s what I love about it. Install a small app, and you have a web shared folder that remains synced across all computers.
Congrats, that´s a similar model like http://www.filespots.de
Funny how dropbox came out of no where and ate box.net’s lunch.
wowwwww
All of Increo’s numbers were plummeting prior to the sale, according to compete.com. Is it likely that Draper Fisher Jurvetson forced a sale in order to consolidate and fuse a feature-company with another investment?
This will give Box.net the edge of Cloud access without depending on third party providers such as iPaper and Google Docs. I am sure that, very soon, display speed now won’t be an issue.
Congratulations Box.net – Keep Growing
I would Box.net, but then I remembered the Google Docs is attached to the g-mail over the intertube… lazy.
Congratulations to both sides! Now on to the next stage for Increo’s team, looking forward to seeing improvements on Box.net – BASES is a happy customer!
they have no traffic. the services are a joke.
how is this possible…????
Dropbox is being marketed as a “magic pocket” + automated backup system. Box.net is being marketed (quite ambitiously) as a SharePoint alternative. This is not an apples, apples situation.