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Box Receives "Strong Positive" Rating in Gartner MarketScope for Enterprise File Synchronization and Sharing

LOS ALTOS, CA -- (Marketwire) -- 02/19/13 -- Box today announced that it received the highest possible rating by Gartner, Inc. in its report "MarketScope for Enterprise File Synchronization and Sharing(i)." Box was one of 11 vendors assessed and received a "strong positive" rating based on the evaluation criteria of overall viability, product/service, sales execution, customer experience, marketing strategy, offering strategy and innovation. The company's fast growth and presence in the enterprise market, the ability to meet the needs of end users and satisfy enterprise requirements and its extensive ecosystem of partners all contributed to the strong positive rating.

"As companies move to a more mobile workforce, there is a need for secure access to corporate information on mobile devices. This demand is driving the adoption of sync and share technologies," said Whitney Bouck, general manager of enterprise at Box. "However, to gain the business benefits of these technologies, CIOs need to consider a solution that satisfies both the security and scale requirements of IT, and the ease-of use needs of the end user. Box solves this problem and enables collaboration, making users more productive from anywhere on any device."

In the MarketScope, Gartner analyzed the emerging market for enterprise file synchronization and sharing (EFSS) products, and cloud-based services. While it's clear that the EFSS market is still evolving, according to the report there are two major drivers pushing growth and adoption of EFSS: "the proliferation of consumer mobility, media tablets and bring your own device (BYOD) programs in the enterprise is increasing adoption," and "the unauthorized adoption of personal cloud services raises security concerns and represents a major driver for investments in EFSS."

According to the report authors, Monica Basso, Gartner Research vice president and Jeffrey Mann, Gartner Research vice president, "File synchronization and sharing is a critical capability for mobile workforces whose organizations have ongoing mobility initiatives with media tablets and BYOD programs. We expect IT organizations will face increasing demand for these capabilities, with deeper focus on security and compliance by regulated or security-conscious enterprises."

This demand is reflected in Box's record-setting growth in 2012. To date, more than 150,000 businesses, including 92 percent of the Fortune 500, use Box to manage information and collaborate in the cloud.

Key highlights from 2012 include:

  • 150 percent increase in enterprise sales, driven by deployments in large organizations like Electronic Arts, McCann Worldgroup, NBC Sports and Sunbelt Rentals
  • $150 million of new investment, including $100 million from global growth investor General Atlantic (GA)
  • Expansion of operations in Europe with the opening of a London office
  • New senior executives added to the Box team: Sam Schillace, vice president of engineering; Evan Wittenberg, chief people officer; Peter McGoff, general counsel and corporate secretary; and Tom Addis, senior vice president of enterprise sales

A complimentary copy of Gartner's "MarketScope for Enterprise File Synchronization and Sharing" is available here.

For more information on today's announcement, please visit the Box blog.

Disclaimer:
Gartner does not endorse any vendor, product or service depicted in its research publications, and does not advise technology users to select only those vendors with the highest ratings. Gartner research publications consist of the opinions of Gartner's research organization and should not be construed as statements of fact. Gartner disclaims all warranties, expressed or implied, with respect to this research, including any warranties of merchantability or fitness for a particular purpose.

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.

(i) Gartner "MarketScope for Enterprise File Synchronization and Sharing" by Monica Basso, Jeffrey Mann, February 12, 2013.

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