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Independent Research Firm Names Box as a Leader in Online Cloud Collaboration Software

LOS ALTOS, CA -- (Marketwire) -- 08/30/12 -- Box today announced it has been named a leader in the August 2012 report, "The Forrester Wave™: Cloud strategies of Online Collaboration Software Vendors, Q3 2012." Forrester Research, Inc. evaluated Box and seven other enterprise-oriented service providers based on established track records, demonstrated ability to deliver large-scale deployments and relevance in the space. Box received the highest scores possible in IT administration, pricing structure, release schedule, development team and corporate customers.

"The demand for enterprise cloud collaboration software has spiked in the last year -- driven by an increasingly mobile workforce and the huge potential for business transformation," said Whitney Bouck, GM of enterprise at Box. "As IT leaders make the move from traditional systems to the cloud, they must strike the right balance of services and safeguards that enable secure, effortless collaboration. Box solves this problem by creating a platform that is IT friendly and lets employees work in an entirely new way that's more flexible, mobile and social."

"As the online collaboration services market continues to evolve, the vendors that rise to the top will master the security, compliance, and IT management concerns of IT leaders. In addition, these vendors will provide IT leaders the flexibility in deployment models they need to serve the unique needs of their business and workforce," wrote report author TJ Keitt, senior analyst, Forrester Research.

In the report, Forrester also included findings from a recent survey supporting the rise in market demand for online collaboration services in the past year as businesses grapple with the need to be more agile and responsive, and empower their increasingly mobile workforces.

"In our recent survey of software decision-makers at companies deploying collaboration software, more than half indicated that their organization would use software-as-a-service (SaaS) to replace or complement existing collaboration technology," wrote Keitt. The most important reasons to use SaaS mentioned were to improve business agility, deliver new features and functions faster and to support a large number of mobile and remote users.

2012: Banner Year For Box
To date, more than 120,000 businesses and individuals at 92 percent of the Fortune 500 use Box to manage information and collaborate in the cloud. As one of the fastest-growing enterprise software companies of all time, Box's business grew at a record-setting pace in the first half of 2012.

Key highlights include:

  • 3X year-over-year enterprise sales increase driven by deployments in large organizations like MGM Resorts International, Netflix and Random House, Inc.
  • Expansion of operations in Europe with the opening of a London office
  • The opening of a new 100,000 square foot headquarters in Los Altos, CA
  • $125 million of new investment, including $100 million from global growth investor General Atlantic (GA)
  • New senior executives added to the Box team: Sam Schillace, vice president of engineering; Evan Wittenberg, vice president of people; Peter McGoff, general counsel and corporate secretary; and Tom Addis, senior vice president of enterprise sales

A complimentary copy of The Forrester Wave™: Cloud strategies of Online Collaboration Software Vendors, Q3 2012 is available here.

To learn more about Box, join our upcoming customer conference at www.box.com/boxworks.

About Box
Founded in 2005, Box provides a secure content sharing platform that both users and IT love and adopt. Content on Box can be shared internally and externally, accessed through iPad, iPhone, Android and Windows Phone applications, among others, and extended to partner applications such as Google Apps, NetSuite and Salesforce. Headquartered in Los Altos, CA, Box is a privately held company and is backed by venture capital firms Andreessen Horowitz, Bessemer Venture Partners, Draper Fisher Jurvetson, Emergence Capital Partners, General Atlantic, Meritech Capital Partners, NEA, Scale Venture Partners, and U.S. Venture Partners, and strategic investors salesforce.com and SAP. To learn more about Box, visit www.box.com.

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