The Lighter Side Of The Cloud – Holiday Photos
The Lighter Side Of The Cloud – Smoke
The Lighter Side Of The Cloud – Cold Boot
Can Box.net Overtake Microsoft SharePoint?

Can Box.net Overtake Microsoft SharePoint?

Can Box.net Overtake Microsoft SharePoint?

If Microsoft Windows is the dominant operating system in the world and Microsoft Office the most popular productivity suite, Microsoft SharePoint is the preeminent file sharing platform. However, after years of dominance, a new challenger has appeared in the form of Box.net.

As things stand today, Box.net with 7 million customers is just a pretender to the throne occupied by SharePoint with 125 million customers. However, with Box.net’s user base increasing by 250,000 every month and its current clientele including 350 companies in the Fortune 500 list, Microsoft may have cause for worry. What’s more, Box.net is not short of cash either, having just closed a round of funding that swelled its war chest by $81 million and valued the company at $600 million. For something that began in 2005 as a college business project at the University of Southern California by Aaron Levie (the current 26-year old CEO) and Dylan Smith (the current 25-year old CFO), that is tremendous growth.

It is not without reason that Box.net has, time and again, featured on CloudTweaks. From raising cash (See: Venture Capitalists Flock To Cloud Computing Startup) to signing up a major client (See: Procter and Gamble Collaborates in the Cloud with Box ) to raising cash again (See: Cloud Computing Startups Raise Big Money), the company has always been in the news here.

A company getting so much media and investor attention will undoubtedly attract suitors. However, Levie and Smith are adamant at forging their own path and have rejected a $600 million buyout offer from Citrix, recently in the news for acquiring Cloud.com in July (See: Citrix Changes the Game in Cloud Infrastructure with Cloud.com Acquisition). Although the buyout would have potentially delivered high returns to early Box.net investors like Mark Cuban, Draper Fisher Jurvetson, US Ventures and Scale Venture Partners, the latest round of financing would assure them of the company’s long-term viability.

Several prominent names participated in the recent $81 million round, including new investors Bessemer Partners, Salesforce.com and SAP, and returning investors Draper Fisher Jurvetson and Andreessen Horowitz. This increased the total amount raised till date to $162 million. And Levie is sure of how he wants to spend the money.

In addition to augmenting the company’s enterprise sales staff and infrastructure, Levie is going to invest in the Box Innovation Network scheduled to launch next month. The Network will provide support for other startups, Box partners, and even customers to build custom apps that can help improve customer experience. In this way, Box.net wants to encourage innovation in the enterprise space, something that Levie feels is lacking currently.

Levie realizes that he is competing directly with the behemoth that is Microsoft, and is not afraid to show it. On stage at the company’s inaugural customer conference, Boxworks, he said, “Enterprise software isn’t sexy, and that’s because it makes you think of this guy”, and displayed a picture of Microsoft CEO Steve Ballmer. While it’s too early for Microsoft to be afraid of Box.net, it wouldn’t hurt to be careful, especially with giants like Salesforce.com and SAP evincing interest. After all, there was once a time when IBM was the No.1 PC manufacturer in the world – it is no longer present in that market.

By Sourya Biswas

sourya

Sourya Biswas is a former risk analyst who has worked with several financial organizations of international repute, besides being a freelance journalist with several articles published online. After 6 years of work, he has decided to pursue further studies at the University of Notre Dame, where he has completed his MBA. He holds a Bachelors in Engineering from the Indian Institute of Information Technology. He is also a member of high-IQ organizations Mensa and Triple Nine Society and has been a prolific writer to CloudTweaks over the years... http://www.cloudtweaks.com/author/sourya/

One Response to Can Box.net Overtake Microsoft SharePoint?

  1. There are many other contenders for the future of information management in the cloud along the lines of Box.net. we have for instance players like Zukmo who are adopting the best of what dropbox and box.net has to offer and moulding it into a value added service for Small and medium businesses  

Recent

Beyond Gaming: Three Practical Applications For Oculus Rift

Beyond Gaming: Three Practical Applications For Oculus Rift

Three Practical Applications For Oculus Rift  Since the announcement of the Oculus Rift in 2012 gamers and game developers alike have been frenzied trying to both get their hands on the unit or build their own proprietary VR machine. The VR gold rush has since lead to the announcement of Project Morpheus from Sony and…

The Lighter Side Of The Cloud – Due Diligence

The Lighter Side Of The Cloud – Due Diligence

By David Fletcher Please support our comics by sharing, licensing or visiting our cloud sponsors (Below). Your support goes a long way in allowing us to continue to produce our lighthearted comics each week.   About Latest Posts souryaSourya Biswas is a former risk analyst who has worked with several financial organizations of international repute,…

Popular

12 Promising Business Intelligence (BI) Services For Your Company

12 Promising Business Intelligence (BI) Services For Your Company

12 Promising Business Intelligence (BI) Services Business Intelligence (BI) services have recently seen an explosion of innovation and choices for business owners and entrepreneurs. So many choices, in fact, that many companies aren’t sure which business intelligence company to use. To help offer you a solution, we’ve compiled a list of 12 Business Intelligence companies…

Five Cloud Questions Every CIO Needs To Know How To Answer

Five Cloud Questions Every CIO Needs To Know How To Answer

The Hot Seat Five cloud questions every CIO needs to know how to answer The cloud is a powerful thing, but here in the CloudTweaks community, we already know that. The challenge we have is validating the value it brings to today’s enterprise. Below, let’s review five questions we need to be ready to address…

Cloud Computing and Social Networks

Cloud Computing and Social Networks

Pushing Innovation With Social Networks There was a time when storage space was a precious commodity. A few videos and photographs and the system would be gasping for breath in old PCs’ limited storage space. 10 Years ago, today’s top social networking sites would have broken down under the burden of the heavily visual traffic…

PaaS vs Docker – why is it such a heated debate?

PaaS vs Docker – why is it such a heated debate?

PaaS vs Docker Docker started as just a software container on top of a Linux operating system which seemed like a simple optimization for a fat hypervisor. Its disruptive force however comes from the fact that it does force us to rethink many of the layers of the cloud stack. Starting from the way we…

Cloud Migration – 10 ‘Do it Right’ Tips

Cloud Migration – 10 ‘Do it Right’ Tips

Cloud Migration – 10 ‘Do it Right’ Tips Businesses continue to adopt the cloud at break neck speed. Inherent benefits like lower operational costs, no infrastructure overheads, and quick access to better technology make cloud a very attractive proposition for businesses, especially start-ups and SMEs. However moving from legacy to the cloud environment has its…

Sponsored Posts

The Value of Hybrid Cloud

The Value of Hybrid Cloud

The Value of Hybrid Cloud As the “cloud” continues to exert its dominance as the IT technology of the day, the question for many companies focuses on what type of cloud to choose: public, private, or a combination of the two, known as hybrid. Each has its advantages. Private cloud – owned and maintained by…

Cloud Logo Sponsors

hp Logo CityCloud-PoweredByOpenstack-Bluesquare_logo_100x100-01
cisco_logo_100x100 vmware citrix100
Site 24x7


Contributor Spotlight

Established in 2009, CloudTweaks is recognized as one of the leading influencers in cloud computing, big data and internet of things (IoT) information. Our goal is to continue to build our growing information portal, by providing the best in-depth articles, interviews, event listings, whitepapers, infographics and much more.

Branded Content Programs

Advertising