In another sign that the file sharing and tracking world is still moving and shaking, IntraLinks is buying DocTrackr for about $10 million in cash, according to an SEC filing. In return, for that amount, and the assumption of some debt, IntraLinks gets the user-side file encryption and tracking capabilities that DocTrackr layers atop third-party products including Box and Google’s Gmail.
New York-based IntraLinks will integrate DocTrackrs’ digital rights management (DRM) and encryption capabilities into its own software, but CEO Ron Hovesepian said DocTrackr will continue to support third-party products as well. He also said Box was also interested in buying DocTrackr. Box could not be reached for comment.
This is just the latest action roiling a very fluid file share-and-sync market. Dropbox, with 250 million plus users, is making an enterprise push, and has made a series of quiet acquisitions over the past few months. Box has likewise lined up a set of partners for its business-focused service. And there are a raft of smaller companies specializing in file security — like WatchDox and Ncrypted Cloud that could still be acquisition targets going forward.
In other words, as Box and Dropbox gear up their IPOs and business file share pushes, expect to see more M&A.