With data breaches rocking even the biggest names in the financial world, some companies are trying to capitalize on executives' concerns by offering data management solutions tailored for asset managers. Firms seeking cloud support will have to decide, though, whether to choose a new, more innovative firm, or a more mature but established provider.

Having already developed cloud-born software for companies in industries dealing with sensitive and highly regulated data, including energy, education and healthcare, upstart technology firm Box is looking to add asset management firms to its client roster.

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