Saturday, March 26, 2011

Box.NET raises $ 48 million to take on the giants of enterprise software

Cloud collaboration and managing company Box.net announced Thursday that it has closed a $ 48 million investment series d round.

Meritech Capital Partners led the round, which included prior investors Draper Fisher Jurvetson, scale venture partners and partners venture United States. New investors included Andreessen Horowitz and emergence Capital Partners.

We talked with co-founder and CEO Aaron Levie box .net's new round and what the company plans to do with the money. In short the aim is to use the additional funding to make the real competitor in the enterprise software space.

Investing in infrastructure

Box.NET makes no secret of their plans to take on IBM, Microsoft and Oracle space management and document collaboration. Two years ago the company sent me a t-shirt that featured the logo of Microsoft SharePoint and drawing Dodo bird.

To send to SharePoint and other Box.net competitors in extinction, companies must create its infrastructure so that the product can be easily serviced companies that store hundreds of thousands — if not millions — of documents online.

Box.NET still rents it data center space, but owns and operates its own equipment and will continue to expand and look into deploying data expenditures in areas closer to specific customers.

While focusing on expanding its engineering team is the key, Levie told us that the company also plans to grow its sales staff, so she can better compete with the big enterprise companies to bid for new and existing companies.

Box.NET corporate clients include Cisco, Dell and DreamWorks. Taking on these types of clients and keeping those customers happy is what will help transform the following Salesforce.com Box.net.

From consumers to enterprise powerhouse tool

Box.NET began its life as a storage cloud, consumer-oriented. In an era before Dropbox free cloud storage facilities were general commodities in early era Web 2.0.

Box.NET recognised that there is a real need for suitable cloud software, especially in the areas of document management and collaboration in the sphere of small business and entrepreneurship — and we think this is one of the main reasons why the company has continued to succeed, mobilize financial resources and to enter into a wide-ranging partnership.


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