SOURCE: Box

Box

April 18, 2013 12:15 ET

Box Adds to Industry's Deepest Bench of Enterprise Tech Executives

LOS ALTOS, CA--(Marketwired - Apr 18, 2013) - Box today announced the hiring of three enterprise technology leaders. Justin Somaini, formerly Chief Information Security Officer for Yahoo! and Symantec, joined Box as the company's first Chief Trust Officer. Niall Wall, also a veteran of Symantec, where he held several senior leadership roles, joined as Senior Vice President of Business Development. And Jeff Mannie joined Box as Vice President and Controller from PayPal, where he held leadership roles in finance.

"The power of the cloud resides in giving people access to their information whenever and wherever they need it, unlocking potential innovation in every industry," said Aaron Levie, co-founder and CEO, Box. "To succeed, everyone -- users, managers, and especially IT -- have to deeply trust the cloud and be open to transforming the way they work. Justin, Niall and Jeff are a perfect fit with Box: they bring deep functional experience and the enterprise savvy to drive change."

Somaini, Wall and Mannie are joining Box at a time of rapid growth and expansion for the company. Sales in 2012 grew more than 150 percent, and Box recently received the highest possible rating by Gartner, Inc. in its report "MarketScope for Enterprise File Synchronization and Sharingi." The company's fast growth and traction in the enterprise market, its ability to meet the needs of end users and satisfy enterprise requirements, and its extensive ecosystem of partners all contributed to a strong positive rating.

Justin Somaini, VP and Chief Trust Officer
As Chief Trust Officer, Somaini will be responsible for working globally and collaboratively across Box's growing customer base, technical operations, business development teams, and partners to ensure the company is consistently delivering on its information security commitments, investing to meet the rapidly evolving security environment, and building transparent, deeply trusted relationships with its customers.

"Trust is about delivering on commitments consistently over time," said Somaini. "Box's leadership in security and its commitment to customer success have clearly driven traction in the marketplace. I'm excited to have the opportunity to not only work with an amazing team at Box, but to advocate for a vision that raises the bar for information security and customer trust in the cloud industry-wide."

Most recently, Somaini created and held the role of Chief Information Security Officer (CISO) at Yahoo!, driving security planning and operations for the company, which serves more than 700 million consumers worldwide. Prior to Yahoo!, Justin was CISO of Symantec. He developed the company's Information Security Enterprise Risk Management process, worked cross-functionally to manage critical incidents to resolution and drove implementation of controls for both a significant threat environment and regulatory needs. In addition to his roles at Yahoo! and Symantec, Justin was Director of Information Security at Verisign and an advisor to Palo Alto Networks. He received a Bachelor's of Science degree in Management Information Systems from Drexel University.

Niall Wall, Senior Vice President, Business Development
Niall Wall brings a deep background in enterprise software and cloud services to Box, as well as a track record of establishing and growing global businesses. Most recently, Niall held several senior leadership roles at Symantec, including VP and General Manager of the Norton Data Services, VP of the Data Protection Group, and VP of Business Development and Alliances. In his tenure at Symantec, Niall built one of the world's leading consumer cloud services businesses and established and led the business development organization, contributing to the company's overall growth from less than $1B to more than $6B in annual revenue today.

At Box, Niall will lead Box's global business development organization, overseeing the company's overall partnership strategy, relationships, and strategic alliances.

Prior to his roles at Symantec, Niall held product management and product marketing leadership roles at Oracle and Digital Equipment Corporation. He holds Master's and Bachelor's degrees from the National University of Ireland, Galway.

Karen Appleton, former Vice President of Business Development at Box, has been promoted to a new role as Senior Vice President of Global Alliances. In her new role, Karen will oversee the company's relationships with key global customers and manage Box's international expansion, government relations, and corporate social responsibility programs. The Silicon Valley Business Journal recently named her as one of the most influential women in Silicon Valley.

Jeff Mannie, VP and Controller
As Controller, Jeff Mannie will oversee external reporting, financial policies and controls, global accounting and financial systems. Mannie brings more than 25 years of Controller and leadership experience to Box, including high-growth and complex accounting companies. Prior to joining Box, Jeff was Senior Director, Global Controller at PayPal (an EBay company). While he was at PayPal, annual revenues grew from approximately $1.5B to over $5.0B. Before PayPal, he held accounting and finance leadership roles at Integrated Device Technology, Inc., a mixed-signal semiconductor company, and Comerica Bank. He is a CPA, an alumnus of Ernst & Young and graduated from the University of California, Santa Barbara.

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 and Windows Phone applications, as well as extended to partner applications such as Google Apps, NetSuite and Salesforce. Headquartered in Los Altos, CA, Box is a privately held company and is backed by venture capital firms Andreessen Horowitz, Bessemer Venture Partners, Draper Fisher Jurvetson, Emergence Capital Partners, General Atlantic, Meritech Capital Partners, NEA, Scale Venture Partners, and U.S. Venture Partners, and strategic investors salesforce.com and SAP. To learn more about Box, visit www.box.com.

i Gartner "MarketScope for Enterprise File Synchronization and Sharing" by Monica Basso, Jeffrey Mann, February 12, 2013.