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News Article | May 8, 2017
Site: www.businesswire.com

REDWOOD CITY, Calif.--(BUSINESS WIRE)--Box (NYSE:BOX) today announced that it will report financial results for its first quarter, which ended April 30, 2017, following the close of market on Wednesday, May 31, 2017. On that day, Box’s management will hold a conference call and webcast at 2:00 p.m. PT to discuss Box’s financial results and business developments. Box (NYSE:BOX) is the cloud content management company that empowers enterprises to revolutionize how they work by securely connecting their people, information and applications. Founded in 2005, Box powers more than 71,000 businesses globally, including AstraZeneca, General Electric, P&G, and The GAP. Box is headquartered in Redwood City, CA, with offices across the United States, Europe and Asia. To learn more about Box, visit http://www.box.com/. During the course of this event, Box will make forward-looking statements regarding future events or the future financial performance of the company. Statements including words such as "anticipate," "believe," "estimate," or "expect" and statements in the future tense are forward-looking statements. These forward-looking statements are subject to risks and uncertainties that could cause actual events or actual future results to differ materially from those set forth in the forward-looking statements. Please refer to Box's latest Annual Report on Form 10-K for the year ended January 31, 2017 for a discussion of important factors that could cause actual events or actual results to differ materially from those discussed during this event. These forward-looking statements speak only as of the date of the event; Box assumes no obligation to, and does not necessarily intend to, update these forward-looking statements.


News Article | May 18, 2017
Site: www.businesswire.com

LONDON--(BUSINESS WIRE)--Box, Inc. (NYSE: BOX), a leader in cloud content management, today announced that Virgin Trains, a UK train operating company, is moving its workforce to Box. In 2016, the company chose Box to power internal and external collaboration, mobile access to content and document security. It has now deployed Box to more than 1,500 employees. “We like our technology to run as smoothly as our trains so that our staff can do their best work behind the scenes: making customer journeys amazing,” said John Sullivan, CIO at Virgin Trains. “With Box, all of our content is in one place, available anywhere, anytime and on any device which is useful when you’re travelling at 125mph around the country. Box has helped to transform the way we work internally so that we’re all using our time effectively!” “Virgin Trains is harnessing the power of cloud to improve its workforce,” said David Benjamin, Box senior vice president and general manager of EMEA. “We’re delighted to be part of its west coast digital transformation by powering their cloud content management strategy.” Virgin Trains is known for its long-distance passenger services which connect six of the UK’s largest cities: London, Birmingham, Manchester, Liverpool, Glasgow, and Edinburgh. In addition to providing a customer-focused train service, the company prides itself in delivering world-class technology to its workforce. It has chosen Box to: Box makes it easy for more than 71,000 organisations around the world to share, access, and collaborate on files securely. The company serves 64% of the Fortune 500, including global enterprises like Amadeus, AstraZeneca, Faber & Faber, General Electric, P&G, Schneider Electric, and more. To learn more about how Virgin Trains is using Box, watch this video case study. Box (NYSE:BOX) is the cloud content management company that empowers enterprises to revolutionise how they work by securely connecting their people, information and applications. Founded in 2005, Box powers more than 71,000 businesses globally, including AstraZeneca, General Electric, P&G, and The GAP. Box is headquartered in Redwood City, CA, with offices across the United States, Europe and Asia. To learn more about Box, visit http://www.box.com/.


News Article | May 31, 2017
Site: www.businesswire.com

REDWOOD CITY, Calif.--(BUSINESS WIRE)--Box, Inc. (NYSE:BOX), a leader in cloud content management, today announced financial results for the first quarter of fiscal 2018, which ended April 30, 2017. "Companies around the world are in the midst of digital transformation. The winners will be organizations that use technology to power new ways to connect and collaborate around their information," said Aaron Levie, co-founder and CEO of Box. "Box's cloud content management platform is a powerful change agent for our 74,000 paying customers worldwide. Our strong fiscal first quarter results are a solid foundation for the year as we focus on innovation and our global go-to-market objectives to seize our massive market opportunity." "Our strong revenue and billings growth, in combination with generating positive free cash flow, demonstrates our competitive differentiation and the strength of our business model,” said Dylan Smith, co-founder and CFO of Box. "With our leadership position in cloud content management, loyalty of our install base, and roadmap for continued innovation, we are well positioned to achieve our $1 billion revenue target." For more information on the non-GAAP financial measures and key metrics discussed in this press release, please see the section titled, “About Non-GAAP Financial Measures and Other Key Metrics,” and the reconciliations of non-GAAP measures and certain key metrics to their nearest comparable GAAP measures at the end of this press release. All forward-looking non-GAAP financial measures contained in this section titled “Outlook” exclude estimates for stock-based compensation expense, intangible assets amortization and certain legal settlement and related costs. Box has provided a reconciliation of GAAP to non-GAAP earnings per share guidance at the end of this press release. Box’s management team will host a conference call today beginning at 2:00 PM (PT) / 5:00 PM (ET) to discuss Box’s financial results, business highlights and future outlook. A live audio webcast of this call will be available through Box’s Investor Relations website at www.box.com/investors for a period of 90 days after the date of the call. The access details for the live conference call are: A telephonic replay of the call will be available approximately two hours after the call and will run for one week. The replay can be accessed by dialing: Box has used, and intends to continue to use, its Investor Relations website (www.box.com/investors), as well as certain Twitter accounts (@boxhq, @levie and @boxincir), as a means of disclosing material non-public information and for complying with its disclosure obligations under Regulation FD. Information on or that can be accessed through Box’s Investor Relations website, these Twitter accounts, or that is contained in any website to which a hyperlink is provided herein is not part of this press release, and the inclusion of Box’s Investor Relations website address, these Twitter accounts, and any hyperlinks are only inactive textual references. This press release, the financial tables, as well as other supplemental information including the reconciliations of non-GAAP measures and certain key metrics to their nearest comparable GAAP measures, are also available on Box’s Investor Relations website. Box also provides investor information, including news and commentary about Box’s business and financial performance, Box’s filings with the Securities and Exchange Commission, notices of investor events and Box’s press and earnings releases, on Box’s Investor Relations website. This press release contains forward-looking statements that involve risks and uncertainties, including statements regarding Box’s expectations regarding the size of its market opportunity, the demand for its products, its investments in go-to-market efforts, its ability to scale its business and drive operating leverage, its ability to achieve its long-term revenue target of $1 billion, expectations regarding its ability to maintain positive free cash flow for the full fiscal year ending January 31, 2018, profitability, recent and planned product introductions and enhancements, benefits of such product introductions and enhancements, and success of strategic partnerships, as well as expectations regarding its revenue, GAAP and non-GAAP earnings per share, the related components of GAAP and non-GAAP earnings per share, and weighted average basic and diluted outstanding share count expectations for Box’s fiscal second quarter and full fiscal year 2018 in the section titled “Outlook” above. There are a significant number of factors that could cause actual results to differ materially from statements made in this press release, including: (1) adverse changes in general economic or market conditions; (2) delays or reductions in information technology spending; (3) factors related to Box’s intensely competitive market, including but not limited to pricing pressures, industry consolidation, entry of new competitors and new applications and marketing initiatives by Box’s current or future competitors; (4) the development of the Cloud Content Management market; (5) risks associated with Box’s ability to manage its rapid growth effectively; (6) Box’s limited operating history, which makes it difficult to predict future results; (7) the risk that Box’s customers do not renew their subscriptions, expand their use of Box’s services, or adopt new products offered by Box; (8) Box’s ability to provide timely and successful enhancements, new features and modifications to its platform and services; (9) actual or perceived security vulnerabilities in Box’s services or any breaches of Box’s security controls; and (10) Box’s ability to realize the expected benefits of its third-party partnerships. Additional information on potential factors that could affect Box’s financial results is included in the reports on Forms 10-K, 10-Q and 8-K and in other filings Box makes with the Securities and Exchange Commission from time to time, including the Annual Report on Form 10-K filed for the fiscal year ended January 31, 2017. These documents are available on the SEC Filings section of Box’s Investor Relations website located at www.box.com/investors. Box does not assume any obligation to update the forward-looking statements contained in this press release to reflect events that occur or circumstances that exist after the date on which they were made. About Non-GAAP Financial Measures and Other Key Metrics To supplement Box’s consolidated financial statements, which are prepared and presented in accordance with GAAP, Box provides investors with certain non-GAAP financial measures and other key metrics, including non-GAAP operating loss, non-GAAP operating margin, non-GAAP net loss, non-GAAP net loss per share, billings and free cash flow. The presentation of these non-GAAP financial measures and key metrics is not intended to be considered in isolation or as a substitute for, or superior to, the financial information prepared and presented in accordance with GAAP. For more information on these non-GAAP financial measures and key metrics, please see the reconciliation of these non-GAAP measure and certain key metrics to their nearest comparable GAAP measures at the end of this press release. Box uses these non-GAAP financial measures and key metrics for financial and operational decision-making and as a means to evaluate period-to-period comparisons. Box’s management believes that these non-GAAP financial measures and key metrics provide meaningful supplemental information regarding Box’s performance by excluding certain expenses that may not be indicative of Box’s recurring core business operating results. Box believes that both management and investors benefit from referring to these non-GAAP financial measures and key metrics in assessing Box’s performance and when planning, forecasting, and analyzing future periods. These non-GAAP financial measures and key metrics also facilitate management's internal comparisons to Box’s historical performance as well as comparisons to Box’s competitors' operating results. Box believes these non-GAAP financial measures and key metrics are useful to investors both because (1) they allow for greater transparency with respect to key metrics used by management in its financial and operational decision-making and (2) they are used by Box’s institutional investors and the analyst community to help them analyze the health of Box’s business. A limitation of non-GAAP financial measures and key metrics is that they do not have uniform definitions. Further, Box’s definitions will likely differ from the definitions used by other companies, including peer companies, and therefore comparability may be limited. Thus, Box’s non-GAAP measures and key metrics should be considered in addition to, and not as a substitute for, or in isolation from, measures prepared in accordance with GAAP. Additionally, in the case of stock-based compensation expense, if Box did not pay a portion of compensation in the form of stock-based compensation expense, the cash salary expense included in cost of revenue and operating expenses would be higher, which would affect Box’s cash position. Non-GAAP operating loss and non-GAAP operating margin. Box defines non-GAAP operating loss as operating loss excluding expenses related to stock-based compensation (“SBC”), intangible assets amortization, and as applicable, other special items. Non-GAAP operating margin is defined as non-GAAP operating loss divided by revenue. Although SBC is an important aspect of the compensation of Box’s employees and executives, determining the fair value of certain of the stock-based instruments Box utilizes involves a high degree of judgment and estimation and the expense recorded may bear little resemblance to the actual value realized upon the vesting or future exercise of the related stock-based awards. Furthermore, unlike cash compensation, the value of stock options, which is an element of Box’s ongoing stock-based compensation expense, is determined using a complex formula that incorporates factors, such as market volatility, that are beyond Box’s control. For restricted stock unit awards, the amount of stock-based compensation expenses is not reflective of the value ultimately received by the grant recipients. Management believes it is useful to exclude SBC in order to better understand the long-term performance of Box’s core business and to facilitate comparison of Box’s results to those of peer companies. Management also views amortization of acquisition-related intangible assets, such as the amortization of the cost associated with an acquired company’s developed technology and trade names, as items arising from pre-acquisition activities determined at the time of an acquisition. While these intangible assets are continually evaluated for impairment, amortization of the cost of purchased intangibles is a static expense, one that is not typically affected by operations during any particular period. Box further excludes expenses related to certain litigation because they are considered by management to be special items outside Box’s core operating results. Non-GAAP net loss and non-GAAP net loss per share. Box defines non-GAAP net loss as net loss excluding expenses related to SBC, intangible assets amortization, and as applicable, other special items. Box defines non-GAAP net loss per share as non-GAAP net loss divided by the weighted average outstanding shares. Box excludes expenses related to certain litigation because they are considered by management to be special items outside Box’s core operating results. Billings. Billings reflect, in any particular period, (1) sales to new customers, plus (2) subscription renewals and (3) expansion within existing customers, and represent amounts invoiced for all products and professional services. Box calculates billings for a period by adding changes in deferred revenue in that period to revenue. Box believes that billings help investors better understand sales activity for a particular period, which is not necessarily reflected in revenue as a result of the fact that Box recognizes subscription revenue ratably over the subscription term. Box considers billings a significant performance measure and, after adjusting for any shifts in relative payment frequencies, a leading indicator of future revenue. Box monitors billings to manage the business, make planning decisions, evaluate performance and allocate resources. Box believes that billings offers valuable supplemental information regarding the performance of the business and will help investors better understand the sales volumes and performance of the business. Although Box considers billings to be a significant performance measure, Box does not consider it to be a non-GAAP financial measure given that it is calculated using exclusively revenue and deferred revenue, both of which are financial measures calculated in accordance with GAAP. Free cash flow. Box defines free cash flow as cash provided by (used in) operating activities less purchases of property and equipment, principal payments of capital lease obligations, and other items that did not or are not expected to require cash settlement and that management considers to be outside of Box’s core business. Box specifically identifies adjusting items in the reconciliation of GAAP to non-GAAP financial measures. Historically, these items have included restricted cash used to guarantee a significant letter of credit for Box's Redwood City headquarters. Box considers free cash flow to be a profitability and liquidity measure that provides useful information to management and investors about the amount of cash generated by the business that can possibly be used for investing in Box's business and strengthening its balance sheet, but it is not intended to represent the residual cash flow available for discretionary expenditures. The presentation of non-GAAP free cash flow is also not meant to be considered in isolation or as an alternative to cash flows from operating activities as a measure of liquidity. The accompanying tables have more details on the reconciliations of non-GAAP measures and certain key metrics to their nearest comparable GAAP measures. Box (NYSE:BOX) is the cloud content management company that empowers enterprises to revolutionize how they work by securely connecting their people, information and applications. Founded in 2005, Box powers more than 74,000 businesses globally, including AstraZeneca, General Electric, P&G, and The GAP. Box is headquartered in Redwood City, CA, with offices across the United States, Europe and Asia. To learn more about Box, visit http://www.box.com/.


News Article | July 13, 2017
Site: www.businesswire.com

REDWOOD CITY, Calif.--(BUSINESS WIRE)--Box, Inc. (NYSE:BOX), a leader in cloud content management, today introduced Box Elements, a new set of tools for businesses of all sizes to bring the Box content experience into any application built with Box Platform. The first set of tools, UI Elements, is generally available today and includes four pre-built, customizable components of Box's popular user interface, which today is used by more than 50 million people and 74,000 businesses – including 64 percent of the Fortune 500. Box also announced that it has reached a milestone of 100,000 developers building with Box Platform. “A great content experience is essential to how people collaborate and get work done with their colleagues, customers and partners,” said Jeetu Patel, CSO and SVP of Box Platform. “For the first time, we’re providing businesses of all sizes with the ability to leverage Box's best in class user experience in their own applications. Developers will no longer need to spend huge amounts of time and money building content experiences, security, and infrastructure services from scratch, and can instead focus on building unique experiences for their business needs.” Box plans to introduce additional types of Elements over time, including backend services and industry-specific app elements that will continue to make it easier for businesses to create engaging applications and content experiences for customers, partners and employees. Box UI Elements are modular, customizable and can be easily integrated into any application with just a few lines of code. Businesses can use each UI Element on its own, or strung together with other UI Elements to create common user flows with content in their apps. Box UI Elements are already being leveraged by applications including Workplace by Facebook, Pressly, and Maxwell to power user experiences with content in their applications. Each UI Element is integrated with the Box Platform APIs to accelerate development and are fully customizable, so businesses can modify the components to fit their brand's look and feel. Box UI Elements are designed with enterprise-grade security, leveraging a new access token mechanism known as Token Exchange that builds on Box's existing permissions framework. Box UI Elements are available as both Javascript libraries and React components through NPM. The source code for Box Content Preview is available today on Github, and Box will release additional source code for all UI Elements in the future. The Box UI Elements are available starting today to any business building applications or integrations with Box Platform at no additional cost. For more information, please visit https://developer.box.com/ui-elements. Founded in 2005, Box (NYSE:BOX) is transforming the way people and organizations work so they can achieve their greatest ambitions. As a leading enterprise content platform, Box helps more than 74,000 businesses, including AstraZeneca, General Electric, P&G and The GAP securely access and manage their critical information in the cloud. Box is headquartered in Redwood City, CA, with offices across the United States, Europe and Asia. To learn more about Box, visit http://www.box.com/.


News Article | July 12, 2017
Site: www.businesswire.com

REDWOOD CITY, Calif.--(BUSINESS WIRE)--Box, Inc. (NYSE:BOX), a leader in cloud content management, today announced that Dan Levin, President and Chief Operating Officer (COO), will step down after seven years with the company, and that Stephanie Carullo will succeed Mr. Levin as COO to drive the company’s continued growth in the enterprise and lead international expansion. Mr. Levin will remain on the Box Board of Directors and continue to provide counsel to the leadership team. “With more than 25 years of leadership experience driving global sales strategy and execution for some of the world’s leading technology companies, Stephanie is perfectly suited to head Box’s operations and go-to-market strategy,” said Aaron Levie, co-founder and CEO of Box. “Dan has been an incredible leader and his commitment to strategic and operational discipline will always be part of Box’s DNA. We can't thank him enough for his mentorship, guidance and hard work in growing Box from 50 employees to more than 1,600 today.” “I am incredibly grateful for my time as COO at Box and I am very proud of what we have accomplished during these past seven years,” said Dan Levin. “As I move on to my next chapter, I am confident we’ve selected a strong leader to drive Box’s continued growth and market leadership. I look forward to working with Stephanie in my role on the Board of Directors.” "I am excited to bring my expertise scaling enterprise technology companies to Box and am thrilled to be working with a dynamic and experienced leadership team,” said Stephanie Carullo. “I’ve led go-to-market operations and worked with customers in a variety of industries all over the world, and it’s clear that Box has an unprecedented opportunity. We can help every enterprise across the globe move their content to the cloud, drive innovation and transform how they work.” Global Experience in Enterprise IT and Go-to-Market Strategy Ms. Carullo has had a distinguished career leading and growing billion dollar businesses spanning multiple markets and industries around the world. She began her career at IBM in Australia where she held sales leadership, general management, and consulting positions spanning across Asia. After 14 years at IBM, Ms. Carullo became Managing Director for Enterprise and Government sales at Telstra, leading a team of 1,000 professionals and driving growth in key markets and industries for more than a $3 billion business. Following Telstra, Ms. Carullo moved to Cisco where she led a team in the U.S. Service Provider business responsible for growth and deployments of large network infrastructure at key customers. She was then promoted to the global role of Vice President, Data Center and Virtualization Sales where she led a team of more than 1,000 professionals, significantly growing the business during her tenure. Following Cisco, Ms. Carullo joined Apple as Vice President of U.S. Education Sales, a multi-billion dollar business. After leaving Apple, she briefly led Partnerships at Hampton Creek and has since been advising startups in Silicon Valley. Ms. Carullo was born and raised in Melbourne, Australia. She holds a Bachelor of Arts Degree (Honors) in Economic History from Monash University, Australia. Mr. Levin will continue to advise Box and serve on the company's Board of Directors. As President and COO for more than seven years, Mr. Levin led the company through countless significant milestones, including scaling the company from $10 million in revenue to more than $500 million in projected revenue for fiscal year 2018, and growing the company from 50 employees in one office to more than 1,600 in offices across the U.S., Europe and Asia. Box (NYSE:BOX) is the cloud content management company that empowers enterprises to revolutionize how they work by securely connecting their people, information and applications. Founded in 2005, Box powers more than 74,000 businesses globally, including AstraZeneca, General Electric, P&G, and The GAP. Box is headquartered in Redwood City, CA, with offices across the United States, Europe and Asia. To learn more about Box, visit http://www.box.com/. This press release contains forward-looking statements that involve risks and uncertainties, including statements regarding Box’s expectations regarding revenue expectations for the full fiscal year ending January 31, 2018. There are a significant number of factors that could cause actual results to differ materially from statements made in this press release, including: (1) adverse changes in general economic or market conditions; (2) delays or reductions in information technology spending; (3) factors related to Box’s intensely competitive market, including but not limited to pricing pressures, industry consolidation, entry of new competitors and new applications and marketing initiatives by Box’s current or future competitors; (4) the development of the Cloud Content Management market; (5) risks associated with Box’s ability to manage its rapid growth effectively; (6) Box’s limited operating history, which makes it difficult to predict future results; (7) the risk that Box’s customers do not renew their subscriptions, expand their use of Box’s services, or adopt new products offered by Box; (8) Box’s ability to provide timely and successful enhancements, new features and modifications to its platform and services; (9) actual or perceived security vulnerabilities in Box’s services or any breaches of Box’s security controls; (10) Box’s dependence on the performance of its management team and key employees; and (11) Box’s ability to realize the expected benefits of its third-party partnerships. Additional information on potential factors that could affect Box’s financial results is included in the reports on Forms 10-K, 10-Q and 8-K and in other filings Box makes with the Securities and Exchange Commission from time to time, including the Quarterly Report on Form 10-Q filed for the fiscal year ended April 30, 2017. These documents are available on the SEC Filings section of Box’s Investor Relations website located at www.box.com/investors. Box does not assume any obligation to update the forward-looking statements contained in this press release to reflect events that occur or circumstances that exist after the date on which they were made.


News Article | July 12, 2017
Site: www.businesswire.com

MUNICH--(BUSINESS WIRE)--Box (NYSE: BOX), a leader in cloud content management, today announced it has appointed a leader for the DACH (Germany, Austria, Switzerland) region and opened an office in Munich, Germany. Following the launch of Box Zones, Box KeySafe, Binding Corporate Rules (BCRs) approval, and achieving the BSI C5 certification, Box is now better placed than ever to expand in DACH. “We’ve seen increasing opportunities at large organisations across Europe,” said David Benjamin, Box senior vice president and general manager of EMEA. “By focusing on meeting DACH’s sophisticated compliance requirements, we’ve removed the traditional barriers to cloud adoption. We’re thrilled that Per has come on board to maximize the opportunity and help move organisations from all industries to the cloud. We’ve strategically opened our newest office in Munich to expand our reach into Germany, Austria, and Switzerland – where we’ve identified opportunities for growth.” Box intends to continue its expansion across Europe with an increased focus on Germany, which has been made possible through the launch of Box’s compliance and regulation solutions. The new office in Munich adds to Box’s existing European sites in the UK, France, Netherlands, and Sweden. “I’ve been impressed by Box’s rapid growth in Europe,” said Per Stritich, Box regional vice president of DACH. “Given its progress in meeting DACH’s complex security and compliance regulations, there is now a significant opportunity to work with the region’s largest organisations, including companies from highly regulated industries. I’m delighted to join Box at this exciting turning point in DACH’s journey to the cloud.” Mr. Stritich has more than 15 years of leadership experience in cloud and software companies. Prior to joining Box, he held the role of Vice President of EMEA at OneLogin, leading the company from market entry to scale. Prior to that, as Vice President and Head of Cloud at SAP South Europe, he ran SAP’s entire cloud portfolio. Before SAP, Mr. Stritich spent seven years at the forefront of the cloud market in Europe, working as Area Vice President of Enterprise Sales for HR technology company, SuccessFactors. Box makes it easy for more than 74,000 organisations around the world to manage their content in the cloud. The company serves 64 percent of the Fortune 500, including global enterprises like AstraZeneca, General Electric, Schneider Electric, Eurostar, Spotify, SKF and Hamburg Airport. Box (NYSE:BOX) is the cloud content management company that empowers enterprises to revolutionize how they work by securely connecting their people, information and applications. Founded in 2005, Box powers more than 74,000 businesses globally, including AstraZeneca, General Electric, P&G, and The GAP. Box is headquartered in Redwood City, CA, with offices across the United States, Europe and Asia. To learn more about Box, visit http://www.box.com/.


News Article | June 2, 2017
Site: www.businesswire.com

REDWOOD CITY, Calif.--(BUSINESS WIRE)--Box, Inc. (NYSE:BOX), today announced that Dylan Smith, co-founder and CFO, and Jeetu Patel, SVP and Chief Strategy Officer, will participate in the Bank of America Merrill Lynch 2017 Technology Conference in San Francisco on Tuesday, June 6, 2017. Bank of America Merrill Lynch 2017 Technology Conference Date and Time: Tuesday, June 6, 2017 at 1:20 PM PT Location: The Ritz-Carlton Hotel Speakers: Dylan Smith, co-founder and CFO, and Jeetu Patel, SVP and Chief Strategy Officer The event will be webcast live at https://www.box.com/investors and will be available for replay beginning approximately one hour after the live event for ninety (90) days. Box (NYSE:BOX) is the cloud content management company that empowers enterprises to revolutionize how they work by securely connecting their people, information and applications. Founded in 2005, Box powers more than 74,000 businesses globally, including AstraZeneca, General Electric, P&G, and The GAP. Box is headquartered in Redwood City, CA, with offices across the United States, Europe and Asia. To learn more about Box, visit http://www.box.com/. During the course of the event, Box will make forward-looking statements regarding future events or the future financial performance and plans of the company. Statements including words such as "anticipate", "believe", "estimate" or "expect" and statements in the future tense are forward-looking statements. These forward-looking statements are subject to risks and uncertainties that could cause actual events or actual future results to differ materially from those set forth in the forward-looking statements. Please refer to Box's Annual Report on Form 10-K for the fiscal year ended January 31, 2017 for a discussion of important factors that could cause actual events or actual results to differ materially from those discussed during this event. These forward-looking statements speak only as of the date of the event; Box assumes no obligation to, and does not necessarily intend to, update these forward-looking statements.


News Article | June 27, 2017
Site: www.businesswire.com

REDWOOD CITY, Calif. & REDMOND, Wash.--(BUSINESS WIRE)--Box, Inc. (NYSE:BOX) and Microsoft Corp. (Nasdaq “MSFT”) today announced an expanded partnership to jointly offer Box cloud content management with Azure to enterprise customers. Box will use Azure as a strategic public cloud platform and the companies commit to shared go-to-market investments, including initiatives to co-sell Box with Azure. In addition, the partnership will enable future integration between Azure’s artificial intelligence and machine learning capabilities with Box’s cloud content management platform. “Azure is a trusted partner in the enterprise and we’re thrilled to be integrating our technologies and going to market with Microsoft,” said Aaron Levie, cofounder and CEO, Box. “Microsoft shares our vision to transform how people and organizations work and Box and Azure together can unlock incredible opportunities for innovation.” “Box shares our focus and commitment to empowering enterprises on their digital transformation journey,” said Scott Guthrie, executive vice president of Microsoft’s cloud and enterprise division. “With this new partnership, we ensure customers can take advantage of Box’s platform on Azure, and look forward to future innovations using Azure’s intelligent cloud services.” The companies intend to collaborate on initiatives, including: Businesses globally will be able to purchase Box’s cloud content management platform, as well as extended functionality like Box Governance, while choosing to store their Box content on Azure. Box will explore integrating Azure’s best-in-class Cognitive Services to extend the capabilities of Box’s cloud content management solution. Potential integrations might include advanced content processing technologies like video indexing, which uses natural language processing to generate metadata and power advanced search capabilities. Customers in media and entertainment, for example, could potentially use the technology to discover related content or make recommendations for their Box content. Introduced in April 2016, Box Zones helps businesses address data sovereignty concerns by enabling in-region data storage. Currently, Box Zones is available in eight countries. Over time, Box intends to leverage Azure’s global footprint to expand Box Zones coverage to many more regions while also giving customers choice and flexibility in local storage options. Today, Azure has announced 40 datacenter regions around the world – more than any other cloud provider – giving customers the flexibility and scale needed to transform their businesses. The new Box and Azure offering is expected to be available later this year. More information on pricing and geographic availability will be shared at a later date. Microsoft (Nasdaq “MSFT” @microsoft) is the leading platform and productivity company for the mobile-first, cloud-first world, and its mission is to empower every person and every organization on the planet to achieve more. Box (NYSE:BOX) is the cloud content management company that empowers enterprises to revolutionize how they work by securely connecting their people, information and applications. Founded in 2005, Box powers more than 74,000 businesses globally, including AstraZeneca, General Electric, P&G, and The GAP. Box is headquartered in Redwood City, CA, with offices across the United States, Europe and Asia. To learn more about Box, visit http://www.box.com/. This press release contains forward-looking statements that involve risks and uncertainties, including statements regarding the integration of Box’s and Microsoft’s technologies, solutions and services, the co-marketing of Box and Azure, and the benefits that are expected to result to Box, Microsoft, their customers and other stakeholders from the partnership between Box and Microsoft. Statements including words such as "anticipate", "believe", "estimate", "expect", “future” or “will” and statements in the future tense are forward-looking statements. The achievement or success of the matters covered by such forward-looking statements involves risks, uncertainties and assumptions, which, if they do not fully materialize or prove incorrect, could cause the results of the partnership between Box and Microsoft to differ materially from those expressed or implied by such forward-looking statements. These risks, uncertainties and assumptions include, but are not limited to, risks associated with changes in product plans or roadmaps; product development or integration delays; market acceptance of the companies' combined products and services; and changes in the relationship between Box and Microsoft due to the business environment, competitive factors or other factors. Further information on these and other factors that could affect the partnership between Box and Microsoft or the financial results derived therefrom, can be found in the documents that Box and Microsoft have filed with or furnished to the Securities and Exchange Commission, including the most recent Forms 10-K and 10-Q filed by each company. All forward-looking statements in this press release are based on information available to Box and Microsoft as of the date hereof. Neither Box nor Microsoft assumes any obligation, nor do they intend to update these forward-looking statements to reflect events that occur or circumstances that arise after the date on which they were made.


News Article | June 14, 2017
Site: www.businesswire.com

REDWOOD CITY, Calif.--(BUSINESS WIRE)--Box, Inc. (NYSE: BOX), a leader in cloud content management, today announced Box Drive, a new desktop application that delivers secure access to all files stored in Box with the familiar feel of traditional network shared drives. With Box Drive, people benefit from all of the advanced capabilities of Box – including creating, editing, finding and sharing files – without ever leaving the comfort of their desktop. Available for Windows, MacOS and Virtual Desktop Infrastructure (VDI), Box Drive is the easiest way for businesses and teams to instantly collaborate on content and kick start productivity. “Box Drive combines infinite access to the cloud with an intuitive, natively integrated desktop experience that is familiar to hundreds of millions of people today in enterprises all over the world,” said Aaron Levie, cofounder and CEO, Box. “Not only will Box Drive make collaborating on content easier than ever before, it also signals the beginning of the end for expensive network file shares. With Box Drive, enterprises can accelerate their move to the cloud, enhance security, and significantly reduce IT costs.” The future of work is working in the cloud; Box Drive makes moving to the cloud incredibly easy. Users are freed from the constraints of their local hard drives because they have instant access to all their files in the cloud and real-time collaboration is even more simple and intuitive. Box Drive uses a familiar file finder interface that is natively integrated into Windows Explorer and Mac Finder so users simply click to open their Box Drive folder and gain instant access to all of their Box content. Working in Box Drive, when a user creates a new document, edits a PDF, or uploads a new video, for example, all changes are automatically saved back to Box and are instantly visible to team members, making everyone more productive and collaborative. "Box Drive makes the switch to the cloud seamless and painless for businesses still fixated on traditional file shares,” said Dan Dorato-Hankins of Vector Media. “With Box Drive, our users have increased Box usage over 50% and have infinitely increased team collaboration in our offices nationwide. Accessing company data is easier than ever, but with the security of a bank vault." Working with files in Box Drive is similar to working with files in a network drive, making it easy for users to learn and adopt, while providing powerful features like external collaboration, search and version control. Because Box Drive makes it easier to adopt the cloud without changing the way people work, enterprises can join the 78% of Box customers who have already begun to retire expensive legacy infrastructure like network file shares that can require millions of dollars annually in hardware, software and maintenance costs. Box projects that customers across the real estate, healthcare and financial services industries have the potential to realize cost savings of $1.3M to as high as $6 million or more, over three years when retiring legacy infrastructure with Box. Enterprise-Grade Security and Superior Protection for Businesses of Every Size The benefits of moving to the cloud extend beyond enhanced productivity and cost savings to enterprise-grade security and compliance as well as reduced risk of data loss. By making it easier for people to adopt and work on important business information in the cloud, Box Drive reduces the risk of locally stored files being compromised when devices are lost or stolen. Furthermore, Box Drive users can benefit from all of Box’s deep enterprise-grade security, international regulation guidelines, and data compliance capabilities, including HIPAA, FINRA, FedRAMP compliance, Binding Corporate Rules, and Box Governance. “Successful cloud-storage deployments help organizations reduce infrastructure costs and enhance security and compliance around content, while at the same time providing employees the right content at the right time,” said Alan Lepofsky of Constellation Research. “One of the latest trends in this space is on-demand streaming of files from the cloud to end-users only when the content is needed. This reduces the need to constantly synchronize files to local hard drives.” Box IT admins can also augment their security policies with Device Trust to ensure that only secure devices, such as those that are corporate managed or encrypted, can access Box. Box Drive is available today in public beta, and is free for all Box users. For more information on Box Drive, visit www.box.com/drive, our blog, or join our webinar. Box (NYSE:BOX) is the cloud content management company that empowers enterprises to revolutionize how they work by securely connecting their people, information and applications. Founded in 2005, Box powers more than 74,000 businesses globally, including AstraZeneca, General Electric, P&G, and The GAP. Box is headquartered in Redwood City, CA, with offices across the United States, Europe and Asia. To learn more about Box, visit http://www.box.com/.


Hughes D.,Box | Andersson D.I.,Box
Current Opinion in Microbiology | Year: 2012

Much of what we currently know about the genetics and evolution of antibiotic-resistance is based on selections with lethal drug concentrations that allow the detection of rare mutants with strong phenotypes. These data may be misleading with regard to the evolution of antibiotic resistance in natural environments, because bacteria are frequently exposed to concentration gradients of antibiotics. A significant part of antibiotic-resistance evolution may occur when bacteria are exposed to non-lethal concentrations of drug. High-resolution competition assays show that resistance mutations are rapidly enriched, and selected de novo, at very low antibiotic concentrations. Genomic analysis is providing a better understanding of how frequent and small-effect mutations selected at very low antibiotic concentrations contribute to the step-wise development of antibiotic resistance. © 2012 Elsevier Ltd.

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