Wednesday, July 3, 2013

Box CEO: IPO, beefed up collaboration features on the horizon

Box, the red-hot provider of the eponymous cloud storage and file-sharing service, will boost the collaboration capabilities of its product in the next 18 months, and could become a publicly traded company next year or in 2015.

Box, which has raised more than US$300 million in funding since its founding in 2005 from investors like Draper Fisher Jurvetson and Andreessen Horowitz, now has a roster of more than 150,000 customers with more than 15 million end users.

Customers include more than 90 percent of the Fortune 500, and revenue grew almost 150 percent last year, as demand soared for its service, which lets employees do document-centric collaboration with each other and with outside parties like customers and partners.

"I wouldn't expect us to go public this year, but it's something we're certainly thinking about and talking about over the next couple of years," said Aaron Levie, the company's wunderkind co-founder and CEO, who is 28 years old.

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