Box to acquire Toronto interactive 3D platform Verold
Box Inc (NYSE: BOX) has agreed to buy Verold Inc, a Canadian developer of a cloud-based visual editor for rendering 3D content into interactive presentations. The value of the acquisition was not disclosed. Box, which has its headquarters in Los Altos, California, said Verold's technology will be integrated into the company's enterprise content collaboration platform. Last August, the Toronto-based Verold secured $1.6 million in follow-on financing from Canadian venture capital firms GrowthWorks and Ontario Capital Growth Corp (OCGC), as well as several angel investors. MaRS Investment Accelerator Fund was also an early investor in the company.
14 April 2015•4 mins read
