Box (company)

Box Inc.
Type Public
Traded as NYSE: BOX
Headquarters Redwood City, California
Founder(s) Aaron Levie, Dylan Smith, Sam Ghods, Jeff Queisser[1]
Key people Aaron Levie (CEO)
Dan Levin (COO, President)
Dylan Smith (CFO)
Industry Technology
Employees 1250 (as of 2015)[2]
Website www.box.com
Alexa rank 559 (December 2015)[3]
Launched 2005 in Mercer Island, Washington

Box (formerly Box.net) is an online file sharing and content management service for businesses. The company adopted a freemium business model, and provides up to 10 GB of free storage for personal accounts.[4] There are official clients offered for Windows and OS X, however Linux is not supported. A mobile version of the service is available for Android, BlackBerry 10, iOS, WebOS, and Windows Phone devices.[5]

Business model

Box is a cloud computing business which provides file-sharing, collaborating, and other tools for working with files that are uploaded to its servers. Users can determine how their content can be shared with other users.[6] Users may invite others to view and/or edit an account's shared files, upload documents and photos to a shared files folder (and thus share those documents outside of Box), and give other users rights to view shared files.[7]

Box offers three account types: Enterprise, Business and Personal.[8] Depending on the type of account, Box has features such as unlimited storage, custom branding and administrative controls. Other systems, such as Google apps, NetSuite and Salesforce can be integrated with Box.

Box's enterprise clients include GE,[9] Schneider Electric,[10] and Procter & Gamble.[11]

OpenBox

In December 2007 the company announced OpenBox, which connects content from Box with other web-based applications and services. Included were online services EchoSign, Autodesk, Zoho, ThinkFree, Scribd, Picnik, Zazzle, Twitter and Myxer. Since then, OpenBox added NetSuite, Salesforce, Google Apps, FedEx, MindMeister, Fuze Meeting, Readdle apps and others.

OpenBox allows developers to create services that interact with files on Box.com. The application programming interface is implemented over conventional XML.[12]

Acquisitions

In November 2014, Box acquired two-man medical-imaging software startup MedXT for $3.84 million.[13]

Funding

In July 2012, Box secured $125M in a funding round led by growth equity firm General Atlantic, joined by investors Bessemer Venture Partners, DFJ Growth, New Enterprise Associates, SAP Ventures, Scale Venture Partners, and Social + Capital Partnership.[14][15]

In December 2013, eight investors participated in a $100M series F funding round. Investors included Coatue Management, DFJ Growth, Itochu Technology Ventures, Macnica Networks Corp., Mitsui & Co, Telefónica Digital, Telstra, and Telstra Ventures.[16]

In July 2014, Box received $150M from Coatue Management and TPG Capital in a series G funding round.[17]


Reception

Aaron Levie speaks at "The Cloud Rises: The Latest From a Ten-Year-Old Trend" (Aspen Institute Campus)

In 2009, the company was awarded the Silicon Valley / San Jose Business Journal's Emerging Tech award for the cloud computing category,[18] and was a WebWare 100 Award winner in 2007 and 2008, and one of AlwaysOn's "AO Top Private Companies" for 2007.[19] Cofounders Aaron Levie and Dylan Smith were among the top five finalists in Business Week's "Best Entrepreneurs 25 and Under" rankings for 2009.[20] In 2009, Box was nominated "Best Enterprise Start-up" Crunchie In 2010,[21] and was listed as one of the "Hottest Silicon Valley Companies" by Lead411.[22]

The company's CEO, Aaron Levie, published blog articles on TechCrunch.[23][24] He spoke at industry events.[25] The company's CFO, Dylan Smith, was on an episode of the reality TV show Millionaire Matchmaker in 2010.[26]

See also

References

  1. ↑ "Reinventing Collaboration - Leadership - Box". box.com.
  2. ↑ Data Storage Player Prepares to Compete Overseas
  3. ↑ "box.com Site Overview". Alexa Internet. Retrieved 2015-12-08.
  4. ↑ Fisher, Sharon (2010-11-03). "Box.net Expands Capacity And Services – Network Computing". Networkcomputing.com. Retrieved 2013-06-27.
  5. ↑ "Box Mobile Access". Box.com. Retrieved 2013-06-27.
  6. ↑ "Box Privacy Policy". box.com.
  7. ↑ "Privacy Policy". Box. 2012-06-13. Retrieved 2013-06-14.
  8. ↑ "Select a Plan". Box. Retrieved 2013-06-14.
  9. ↑ Ron Miller. "Box Scores Huge Win With GE". TechCrunch. AOL.
  10. ↑ "Consumer Technology". CIO.
  11. ↑ "How P&> Promotes Box File Sharing". InformationWeek.
  12. ↑ "Box Platform Developer Documentation / Welcome to the Box Platform". Developers.box.net. Retrieved 2013-06-27.
  13. ↑ By Jordan Novet, VentureBeat. “Box paid out $3.8M in stock to buy MedXT.” November 17, 2014. November 17, 2014.
  14. ↑ Ha, Anthony. "Box Raises $125M To Target Global Growth And Large Enterprises, Round Led By General Atlantic". TechCrunch. Retrieved 16 December 2015.
  15. ↑ "Box Announces $125 Million Investment to Fuel Enterprise Growth". General Atlantic website. Retrieved 16 December 2015.
  16. ↑ Darrow, Barb. "Yowza: Box touts $100M investment to fund global land grab". Gigaom. Retrieved 16 December 2015.
  17. ↑ Wilhelm, Alex. "Box Picks Up $150M More As It Waits For Favorable IPO Winds". TechCrunch. Retrieved 16 December 2015.
  18. ↑ "Box.net lets you store, share, work in the computing cloud". December 6, 2009.
  19. ↑ "The 2007 AlwaysOn Top 100 Private Companies". Scribd.com. 2009-06-16. Retrieved 2013-06-27.
  20. ↑ "The Winning Young Entrepreneurs, 2009 – BusinessWeek". Businessweek.com. 2009-11-09. Retrieved 2013-06-27.
  21. ↑ Needleman, Rafe. "Live Mesh posts – Webware – CNET". News.cnet.com. Retrieved 2013-06-27.
  22. ↑ "Hottest Silicon Valley Companies". Lead411.com. 2010-05-25. Retrieved 2013-06-27.
  23. ↑ Aaron Levie (2010-11-07). "Building the Simple Enterprise". TechCrunch. Retrieved 2013-06-27.
  24. ↑ Guest Author (2010-07-25). "Enterprise Software Is Sexy Again". TechCrunch. Retrieved 2013-06-27.
  25. ↑ "Freemium for Sale: 6 Reasons You'd be Crazy Not to Give Your Software Out for Free: Web 2.0 Expo New York 2010 – Co-produced by TechWeb & O'Reilly Conferences, September 27 –". Web2expo.com. Retrieved 2013-06-27.
  26. ↑ "The Millionaire Matchmaker Season 3 – Episode 11 – Hillel and Dylan – Bravo TV Official Site". Bravotv.com. Retrieved 2013-06-27.

External links

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