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Box (NYSE: BOX) | Company Profile, History, Competitors

 

Box (NYSE: NYSE) provides an enterprise content management and collaboration platform. As of 2017, Box had 82,000 paying customers and 58 million registered users. It was founded in 2005 and headquartered in Redwood City, CA.

Box operates in the Enterprise File Synchronization and Sharing business (EFSS) delivered by a SaaS model. Box has strong partnerships and integration with IBM, Microsoft, Salesforce, AT&T and Apple.

Business Overview

Box provides a content management cloud software with several key features:
  • Content/Data Storage: Users can store, organize and access thousands of different types of files uploaded and stored on Box's cloud-based storage. When changes are made, historical versions saved to allow for changes to be reversed.
  • Search: Users can search across all file contents stored on their Box storage
  • Encryption: Box encrypts all content stored on the platform
  • Convert/View: Users can view over 100 file types directly in a web browser
  • Shared Control: Users can collaborate on file editing for files stored on their Box storage

Pricing

Box offers several tiers of pricing.
  • Personal Free, up to 10GB
  • Personal Pro $10/month per user, up to 100GB
  • Business Starter $5/month per user, up to 100GB
  • Business  $15/month per user, unlimited storage
  • Enterprise Contract agreements

Customers

As of 2017, Box has 82,000 paying customers. These include 64% of Fortune 500 companies[1].
Financials: AIG, FICO, General Electric, KKR
Healthcare: Allergan, Amgen, AstraZeneca, Boston Scientific, Edward Lifesciences, GlaxoSmithKline, Jazz Pharmaceuticals, St. Jude Medical
Media: Airbnb, Avago, Cisco, EBay, IBM, LiveNation, Netflix, Pandora, RosettaStone, Spotify, Symantec, Twitter, Uber, Viacom.
Retail: Coca-Cola, The Container Store, The Gap, Home Depot, Limited Brands, Procter & Gamble, Sephora, Southwest Airlines, Unilever, Whirlpool
Real Estate: Cushman & Wakefield

Competitors

Box's main competitors are Citrix, Dropbox, Google Drive and Microsoft OneDrive,

History

The company was founded in 2005 by Aaron Levie and Dylan Smith. Their seed investing round was lead by Mark Cuban.

In 2006, Box introduced a free version of its product and grew to over one million users by 2007. In 2007, Box began working on an enterprise version of its product. In 2010, Box introduced the iPad version of its product.

In 2015, Box introduced Box Platform, a PaaS product for developers to create third-party applications on Box.

In 2015, the company completed an initial public offering.

Management

Aaron Levie (CEO): Aaron Levie serves as CEO and Founder of Box since 2005.

Dylan Smith (CFO): Dylan Smith serves as CEO and Founder of Box since 2005.

Financials

 $ USD in mm FY1/31  
 2013     2014  2015  2016  2017  2018
 Revenues  $59 
$124 
$216 
$303 
$398 
 $506 
 Gross Profit  $45 
$98 
 $169 
 $216 
 $287 
$371 
 Operating Profit ($109) ($159) ($167) ($201) ($151) ($154)
 Net Income ($113) ($169) ($182) ($203) ($152) ($155)
 EPS ($14.68) ($14.89) ($11.48) ($1.67) ($1.19) ($1.16)

References

Box, Inc.
 
  Ticker     NYSE: BOX
  Industry Technology
  Founded 2005
  Headquarters Redwood City, CA
  Customers 82,000 (2017)
  Revenues
$506mm (2017)
  Employees 1,784 (2017)
  Website box.com