Dropbox Has Quietly Acquired Parastructure, A Big Data Startup In Stealth

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. Parastructure did not respond, and the startup took its site offline shortly after I started contacting the two co-founders, Salik Syed and Ryan Noon, asking questions.

A reliable source close to the company, however, confirmed that the acquisition is a “done deal” and also confirmed the general range of the price.

Update: Parastructure’s website now redirects to Dropbox.com. :-)

So what exactly is Parastructure? According to the company’s LinkedIn profile, and its (now-offline) home page, it builds “beautiful data analysis software powered by cutting-edge open source infrastructure.” Parastructure’s GitHub pages give some clues as to what that data-analysis software was tackling, with areas covering Spark for cluster computing; Phoenix, a SQL skin over HBase; CrunchBase; and so on.

Source : https://techcrunch.com/2014/06/16/dropbox-has-quietly-acquired-parastructure-a-big-data-startup-in-stealth/

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