SOURCE: Teambox

Teambox

August 07, 2012 08:35 ET

Teambox Achieves Record Growth in First Half of 2012

PALO ALTO, CA--(Marketwire - Aug 7, 2012) -

  • Teambox grows customer base by 350 percent
  • Appoints Dan Schoenbaum as CEO; lands high-profile angel investors from Facebook, Zynga and others
  • Enters hot "notes" market; integrates with Box, Dropbox and Google Docs

Teambox, the cloud-based company redefining collaboration and business communications, today announced record growth for its first half of 2012. The growth was fueled by new product innovations, strategic integrations and funding. Teambox boosted monthly recurring revenue 175 percent year over year (Q2 2012 over Q2 2011), and 45 percent quarter over quarter (Q1 2012 over Q2 2012). Today, Teambox also announces the appointment of Dan Schoenbaum to CEO to drive the company's operational and strategic direction.

As global businesses -- both large and small -- are increasing, more and more employees of global businesses are working remotely. This new reality has forced organizations to find solutions that enable companies to collaborate from afar, which is helping fuel Teambox's rapid company growth. Teambox meets this demand by offering the industry's first collaboration platform that enables organizations to integrate file sharing services and Web-based applications, all into a single place. This product is an easy-to-use, comprehensive solution that is transforming business collaboration.

Record Quarter Spurred by Product, Partnership and Corporate Milestones

Partnership Milestones

  • Teambox has worked closely with Box and Dropbox to seamlessly integrate file sharing into Teambox's 4 platform. This new capability -- which also includes support for Google Docs -- provides customers, including Southwest AirlinesHunter Douglas, Salvation Army and AT&T, with secure content sharing and full collaboration capability, in one centralized place.

Product Milestones

  • Changing business needs and social factors have increased customer demand for collaboration solutions. Teambox is meeting this demand by delivering enterprises, through small-and-medium-sized organizations, the most comprehensive collaboration platform available today. Teambox 4 combines best-of-breed, single point solutions into one platform, enabling businesses to manage tasks, share files and communicate across teams.

Corporate Milestones

  • Teambox's unique solution and rapid company growth has garnered the attention of several high-profile angel investors, including Data Collective, a leading early stage venture fund (Facebook/Zynga Investors), Julia and David Popowitz (Facebook/CSFB), the José Manuel Entrecanales Fund, and David Beyer, co-founder of Chart.io.

  • Dan Schoenbaum joins Teambox as new CEO. Schoenbaum is a seasoned executive with more than18 years of experience in leading teams and growing companies in the software industry. Prior to Teambox, Schoenbaum served as COO and Chief Business Development officer at Tripwire, where he was responsible for Marketing, R&D, Cloud Products and Business Development. Before Tripwire, he was Chairman of Mergers & Acquisitions and VP Strategy at Compuware Corporation, where he drove the company's M&A strategy. Schoenbaum was also responsible for creating an $800M product line at Mercury Interactive Corporation (acquired by HP for $4.6B).

  • Teambox has experienced a strong trend toward longer-term deals with an increasing amount of larger accounts. In Q2 alone, Teambox added more than 400 new paying accounts, bringing a total of over 900 paying accounts to date. Among the new customers are Groupon, Tommy Bahama, DanoneKelly Services and Square.

Comments on the News
"From day one, Teambox has been determined to develop a solution that enables businesses to end painful onsite implementations and maintenance of enterprise solutions, and immediately start to work differently to get more done," said Dan Schoenbaum, CEO of Teambox. "The record growth we've experienced over the first half of 2012 is a true testament to our commitment to invest in our solution, customers and company. We look forward to continuing to dedicate resources toward product innovation, strategic partnerships and customer service to bring teams together from afar in an efficient and effective manner."

"Our partners have helped create, have invested in or have been a heavy user of many collaboration tools over the years, from the very first multi-platform email systems to Lotus Notes, Microsoft Sharepoint, Facebook to Twitter. Teambox was the first such platform that was so compelling that our partnership became both committed to the platform and to the company as investors within a matter of weeks," said Matt Ocko, Co-Managing Partner of Data Collective, a leading early stage IT venture capital firm.

Tweet This: @teambox_app announces record growth, team collaboration customer gains for its first half of 2012 bit.ly/NeZc1B

Supporting Resources

About Teambox
Teambox is redefining communications and collaboration for companies of all sizes -- from small-to-medium businesses to global enterprises. Based in the cloud, Teambox 4 is a platform of lightweight applications for collaboration, task management and file sharing. Teambox brings many capabilities together into one cohesive environment, enabling businesses to communicate, collaborate and streamline work processes.

Teambox is the only vendor enabling organizations to integrate their own file sharing services and web-based applications and become a single "dashboard" to run all business communications.

Founded in 2008, Teambox is privately held and headquartered in Barcelona, Spain with U.S. headquarters in Palo Alto, California.

Contact Information

  • Media Contact:
    Cathy Wright
    Kulesa Faul for Teambox
    (650) 340-1985
    Email Contact