More Acquisitions in Software? Aaron Levie Believes So. Box.net Puts Up $2 Million Integration Fund for New Developer Network. Online file storage services have not just seen huge adoption, but providers of such services have been innovating constantly to attract more developers.
Combine this with the fact that traditional enterprise software vendors are not fast enough to respond to the changing dynamics in enterprise software. All this makes for a good opportunity for one of the vendors to step in and pave the path to drive innovation. Reuters - Business News. Is the cloud the ultimate disruptive innovation? By Aaron Levie, contributor FORTUNE -- Fans of Clayton Christensen's "Innovator's Dilemma" will be unsurprised that the formula is still alive and well, even in 2011.
Yes, apparently innovation still matters. To see the original effect in action, look no further than your desktop. How much desktop software do you generally use on a daily basis? Now, compare that to how many services you -- and your company -- are using in the cloud, delivered over the web. Cloud-delivered enterprise solutions fit consistently and nicely into Christensen's framework for "disruptive innovation. " All this spells very big trouble for the traditional enterprise software leaders who plainly know they need to make the leap, but don't have the business models, DNA, or dire necessity to support the change today. Why is cloud a disruptive innovation? Los Altos Town Crier - Box.net cloud bursts into former Rambus HQ. Photo Elliott Burr/Town Crier Box.net co-founder Dylan Smith stands in front of the former Rambus Inc. headquarters on El Camino Real in Los Altos, which Box employees will occupy by the end of the year.
Cloud-computing bellwether Box.net, currently based in Palo Alto, will pack a few boxes of its own before year’s end as it moves its growing headquarters into the Los Altos building that Rambus Inc. vacated in 2010. Dylan Smith, Box’s 25-year-old co-founder and chief financial officer, said the company, which could in a few years trump the 550-staff Los Altos School District as the city’s largest employer, selected 4440 El Camino Real because its executives “really liked the area overall.”
“This is central to where people live – it’s a hub of technology,” said Smith, a Duke University graduate who established the company in 2005 with friend and now-CEO Aaron Levie. “It’s a great city, a great building. … You can get people from the city, draw developers from the South Bay.” Loading... The World's Most Valuable Startups. BOX.NET INC - Other Technology- Hamid FormDs.com - SEC filings of hedge funds, stealth mode startups, and growing companies.
Box.net opens big bag of cash. Enterprise cloud storage company Box.net is raising new venture capital funding at a pre-money valuation north of $500 million, Fortune has learned.
The company first disclosed the round earlier today in a regulatory filing, which showed that it had secured $18.6 million of a $35 million Series D-1 round. A source familiar with the situation says that the $18.6 million comes from insiders plus one new investor, while the company is still deciding on which new investors to bring in for the remainder.
He adds that Box.net chose to make this a Series D-1 round rather than a Series E round in order to maintain existing voting rights. Box.net previously raised $45 million in Series D funding six months ago, although $10 million of that amount was a credit line that the company has not yet tapped. At the time, part of the proceeds were to be used for doubling the company's workforce. Like this: Like Loading... Cloud storage provider Box.net spurns $500M offer (exclusive) What I learned from Steve Jobs. Last Updated August 2, 2010 1.
Definitions "Account(s)" means a storage account for use of the Box Solution. Why Box.net's CEO Aaron Levie's The Next David Copperfield. This 26-Year Old Founder Is Raising $100 Million To Take On Giants Like Microsoft. Levie Says Box.net Enterprise Sales to Rise Three-Fold. Founders Gain Clout in Venture World. About our Company - Based in Palo Alto, CA , Venture Backed by DFJ and USVP. Aaron Levie. Box.Net Unboxes All-New Software, Cloud Integration. A redesigned interface and cloud integration with Netsuite and VMware is part of the all-new release aimed at enticing Microsoft Sharepoint users.
Taking repeated potshots at the bloated, feature-heavy Microsoft Sharepoint, Box.net on Thursday in Palo Alto, Calif., announced a new version of its software. "For every one dollar spent in Sharepoint licenses, there's another $6 to $9 required to support that," Box.net CEO Aaron Levie told a roomful of reporters and investors at the press conference. "We've compressed that whole stack and delivered it as a single (offering) to our customers.
" The new release is squarely targeted at IT users of Microsoft Sharepoint. Box.net Busting Out, Hires Levin. VC-backed Box.net yesterday hired tech veteran Dan Levin as COO in, perhaps, what is another sign that the startup is headed for more growth.
Levin, who was already a member of the board, was previously with Intuit. He joins the Box staff with a mission to keep the company’s growth headed in the right direction, co-founder and CEO Aaron Levie (pictured here) told me. Plus, Levin owns his own small airplane, which has already come in handy. Just last week, Levin flew down to Southern California with some Box staffers on a sales call. Co-founders Levie and Dylan Smith, CFO, started the company in 2005 as a project in college, and the company is now busting out at the seams, with more than 90 employees and plans to relocate down the street to larger digs. Box.net.