Cloud storage Service Provider Box buys cloud software company MEDXT

According to foreign media re/code, cloud storage service Provider Box announced this week that it has reached an agreement to acquire MEDXT. Box CEO Allon Livai announced the deal on the company's blog, and the financial terms were not disclosed.

Cloud storage provider Box buys cloud software company MEDXT (photo from Resourcesforlife)

It is reported that MEDXT is a cloud software company focused on medical imaging. The acquisition, which is part of the box industry's actions, wants to tap into a number of industries, including healthcare, insurance and media, to create cloud applications that meet the specific needs of each industry.

The Wall Street Journal, citing people familiar with the matter, said in July that the box had raised $150 million trillion through TPG Capital and Coatue Management, up to $2.4 billion trillion, up 400 million dollars in a six-year valuation.