SOURCE: Box

November 17, 2011 12:00 ET

Box Launches $2M Fund and Partner Network to Ignite Enterprise Innovation

Partners Appcelerator, Cloud Foundry, Heroku, Rackspace, SnapLogic, and Twilio Support the Box Innovation Network®

PALO ALTO, CA--(Marketwire - Nov 17, 2011) - Box today launched the Box Innovation Network® (/bin), a new program designed to foster innovation in enterprise software. /bin consists of leading developer communities and diverse platform partners including Appcelerator, Cloud Foundry, Heroku, Rackspace, SnapLogic, and Twilio. In addition to working with platform partners, Box is investing up to two million dollars in fund money for /bin members chosen to support the growth and development of future enterprise applications built on the Box platform.

"Slow-moving enterprise software giants have produced very little innovation in recent years, and their closed ecosystems have made it all but impossible for outside players to create compelling experiences for customers on legacy systems," said Aaron Levie, co-founder and CEO of Box. "We're changing all of that -- and we're doing so in ways that platforms like Microsoft simply cannot -- by creating an open ecosystem of leading partners to enable developers to build and deploy Box applications instantly and on any platform."

The Box platform hosts hundreds of integrated apps and receives 200 million calls to its APIs each month. Specifically, mobile has seen massive growth with a 30x increase in the volume of mobile enterprise deployments at the close of Q3 2011 compared to the close of Q3 2010. The company also continues to field requests for custom-built applications coming from its customer base with successful deployments built this year for Pabst Brewing Company, DOW Chemical, and National Equity Fund (NEF). /bin creates a community that supports developers as they work to build enterprise-grade apps that will meet these business demands and transform the industry.

The Mission Behind /bin

At its core, /bin is structured around its direct partner and member connections. A /bin member will build on the Box platform to deliver products that address the needs in enterprise software. A /bin partner will provide the members with the tools and services they will need to build robust applications using the Box APIs, but building on top of any of the partner platforms.

Box designed /bin to provide developers with the right resources and services to build new features and functionality on the Box platform. /bin will foster an elite community that provides direct support, contacts and funding for developers and companies to build innovative enterprise technology in the cloud. By teaming up with partners, Box is creating a vibrant ecosystem on its open platform to spark a level of innovation in the enterprise that mirrors what users have seen from development in the consumer platform space.

Real Money for Real Innovation

To rally developers to build next-generation enterprise applications on the Box platform, the company will invest up to two million dollars in fund money within the first year of the /bin launch. The funding will go towards equity investments, intellectual property acquisitions, and co-development of enterprise products.

This investment is part of the company's continued focus on building the smarter enterprise. In 2011, Box has seen tremendous traction with enterprise adoption in 100,000 businesses, including 77% of the Fortune 500. CIOs from across the business landscape are entering a new era of enterprise IT, powered by unprecedented data growth, mobility and cloud collaboration platforms. As customers continue to invest in rapidly deploying mobile and cloud technologies, Box and other cloud solutions are poised for success. The company has raised a total of $162M in venture capital to fuel its investment in building out the enterprise ecosystem.

To join the Box Innovation Network, please visit www.box.com/bin.

Partner Support

Appcelerator
"Appcelerator has always been dedicated to innovation," said Jeff Haynie, CEO of Appcelerator. "We are pleased to be part of /bin to encourage the creation of new and disruptive applications in the enterprise. The Appcelerator Titanium platform will enable /bin members to build great mobile apps quickly and efficiently at a large scale."

Rackspace
"Rackspace supports our customers and partners building innovation in the cloud," said Christopher Rajiah, VP of North American Channel Sales. "We support the Box Innovation Network mission to foster the development of next generation enterprise applications that drive collaboration. In recognition of their commitment to innovation, /bin members have the opportunity to join the Rackspace Partner Network and directly experience the industry leading benefits of the program."

salesforce.com/Heroku
"The cloud is transforming the way developers and partners develop, deploy and manage applications across the web," said Oren Teich, COO Heroku. "The integration between /bin and Heroku gives developers a fast and easy launch pad for building and running apps rich in business content."

SnapLogic
"SnapLogic and Box help enterprises share content across multiple applications, services and business units," said Clark Newby, SVP, Marketing & Alliances at SnapLogic. "Last year, our close collaboration resulted in the launch of the Box Snap, a rich connector that facilitates the bi-directional movement of Box data and services across the enterprise, including both SaaS and on-premise applications such as CRM, ERP, HRIS, eLearning, eCommerce and more. Now, as a founding member of /bin, we are excited to help fuel a new era of innovative enterprise solutions around Box."

Twilio
"As a platform, Box provides a simple, scalable and affordable solution to manage your content from the cloud while Twilio removes another box from your server room -- the phone switch," said Jeff Lawson, CEO and Cofounder of Twilio. "Combine the two and you allow developers to do amazing and powerful things with cloud communication. We can't wait to see how the /bin participants will tackle making the enterprise more open, productive and collaborative."

VMware/Cloud Foundry
"We are excited to bring the power of Cloud Foundry™, the open platform as a service, to /bin developers building applications that utilize Box for enterprise collaboration solutions," said Jerry Chen, vice president, cloud and application services, VMware. "Cloud Foundry enables /bin developers to deploy and scale applications in seconds, without compromising their choice of deployment clouds, frameworks or application services."

Member Support

LiveOffice
"LiveOffice is thrilled to be named the first founding member of /bin," said Nick Mehta, CEO of LiveOffice. "Box is building an open platform that encourages the creation of real, substantive solutions that improve how we work in the enterprise. The Box API is easy to work with, enterprise ready and secure for our enterprise customers. We are excited to continue innovating with Box."

NOUS-Guide
"The Box API powers some of our most popular custom applications," said Alexander Stickelberger, CEO of NOUS-guide. "Mobility in the enterprise is rapidly changing the way people do business, so it is essential to partner with a platform that can scale to meet the demands of our enterprise customers. /bin will continue to grow our presence in the market and we welcome the opportunity to collaborate with other leaders in the enterprise."

About Box

Founded in 2005, Box provides a secure content sharing platform that both users and IT love and adopt. Content on Box can be shared internally and externally, accessed through iPad, iPhone, Android, TouchPad and PlayBook applications, and extended to partner applications such as Google Apps, NetSuite and Salesforce. Headquartered in Palo Alto, CA, Box is a privately held company and is backed by venture capital firms Andreessen Horowitz, Draper Fisher Jurvetson, Emergence Capital Partners, Meritech Capital Partners, Scale Venture Partners, and U.S. Venture Partners. To learn more about Box, please visit www.box.com.