BetterCloud receives $5M strategic investment
Dropbox is partnering with BetterCloud to provide cutting-edge data protection and orchestration functionality to Dropbox for teams. The company will also make a $5M strategic investment in BetterCloud, a New York-based SaaS Operations Management Platform vendor.
The up-gradation will allow businesses that subscribe to Dropbox to customize security policies, scan content for sensitive data and automate critical processes.
“At Dropbox, we’ve always believed that users should be able to use the tools they love at work. We know this way of working also brings challenges, especially around how to efficiently and securely manage a best-of-breed toolkit. That’s why we’re excited to partner with BetterCloud to give our users powerful solutions to automate and centralize management of their unique SaaS environments,” said Quentin Clark, Chief Technology Officer at Dropbox.
New Functionalities That Alliance Will Offer
Custom Security Policies: With the new updation one can monitor shifts in file and folder settings, changes the in-team administrators, new user-managed groups. Automated policies can alert team admins to overexposed misconfigurations with custom conditioning. Remediation will be suggested through native Dropbox admin actions.
Data Protection for Dropbox: Automated and on-demand content scanning within Dropbox files. Set up alerts and policies to search for sensitive data, such as files containing Personally Identifiable Information (PII), files containing profanity, or files containing financial information.
Granular Management of Dropbox Environment: Enhanced visibility and administration features for all of your Dropbox users, admins, groups, and files from a centralized organization-wide grid.
Automated Workflows: Custom workflows will be availed for orchestrating IT administrative actions related to the migration of new Dropbox Business accounts by ensuring captured user account settings. By automating the on-boarding and off-boarding processes, companies save time and achieve compliance where IT can automatically transfer files, delete data on linked devices, and free up unused licenses immediately.
In future, the BetterCloud functionality will be embedded into the Dropbox product and admin console. BetterCloud caters to around 2500 customers in nearly 60 countries. Dropbox, on the other hand, is the world’s first smart work-space and have customers in 180 countries.