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Box acquires team behind data analytics startup Wagon, service shutting down on October 3

Wagon Analytics for OS X.

Cloud file syncing and sharing software company Box today announced that it has acquired the team from Wagon Analytics, a startup that built an application that analysts could use to query and analyze their data.

“In joining Box, the Wagon team will be helping build out our analytics platform to provide deeper insights that help customers make the most of Box,” Box cofounder and chief executive Aaron Levie wrote in a blog post. “The Wagon team’s deep engineering and product expertise in user experience, data modeling and quick visualizations complements our strength in analytics.”

The Wagon application, which supports a variety of databases and provides an easy way of sharing analysis with colleagues, is available for OS X and Windows; a Linux version is marked as coming soon on the startup’s website. The service will shut down on October 3, the team wrote in a blog post.

“Wagon and Box believe that shared knowledge empowers individuals and unites teams. Box helps enterprises do more with their content and get their work done faster by acting as the central, modern content platform,” the Wagon team wrote. “Fortune 500 companies across every industry trust Box to sit at the center of their businesses. We’re excited to build data analytics products at Box to help people understand their data and work better, together.”

Wagon was founded in 2014 and was based in San Francisco. Cofounder Matthew DeLand and Jeff Weinstein previously worked at Groupon. Investors included Fuel Capital, Harrison Metal, Homebrew, Lerer Ventures, and SV Angel. Competitors include Mode Analytics.

Also today Box announced its earnings for the second quarter of its 2017 fiscal year, which ended on July 31. The company reported a net loss of 30 cents per share, or $38.1 million, on $95.7 million in revenue. The company added 4,000 customers in the quarter.

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