Box Named a Leader in Worldwide SaaS and Cloud-Enabled Content Applications by the IDC MarketScape
October 17 2019 - 8:00AM
Business Wire
Recognized as a leader for continuous
innovation, security, and support channels
Box (NYSE: BOX), a leader in Cloud Content Management, today
announced that it was named a Leader in “IDC MarketScape: Worldwide
SaaS and Content-Enabled Content Applications 2019 Vendor
Assessment” (doc # US44752819, September 2019). In the report, Box
was recognized “As one of the first multitenant SaaS vendors to
offer a cloud content management solution” delivering “continuous
innovation and continuous deployment of content life-cycle
capabilities in addition to its feature-rich collaboration and file
sharing.” The report excerpt can be viewed here.
“Businesses today need a cloud content platform that simplifies
how they work and transforms how they run their business in the
cloud,” said Jeetu Patel, Chief Product Officer at Box. “Box is
uniquely positioned to serve enterprises by enabling best-of-breed
productivity and secure collaboration across their modern IT
stack.”
According to the IDC MarketScape, “IDC has seen increasing buyer
interest in cloud applications and the agility, scalability, and
innovation that the cloud enables. Many traditional enterprise
content management (ECM) and content sharing and collaboration
(CSC) vendors are transitioning to cloud apps to meet this growing
demand.”
The IDC MarketScape report highlights Box’s strategy, its
breadth and depth of customer support for its customers, and states
that “Box delivers continuous innovation and continuous deployment
of content life-cycle capabilities in addition to its feature-rich
collaboration and file sharing.”
The report also states that Box has “invested heavily in
securing the data, application, and cloud infrastructure with both
a security operations team and advanced software to monitor, alert,
and automatically act against external and internal threats.”
Continuous Product Innovation, Security and
Compliance
Box has continued to drive industry leadership with advanced
enterprise capabilities, consistently raising the bar for privacy
and security in the cloud. Box's offerings in these areas include
Box Zones, which provides customers with in-region data storage;
Box KeySafe, which provides organizations with independent control
over their encryption keys; Box Relay, which brings powerful
automation to improve business processes across an organization,
and Box Governance, which enables customers to comply with data
retention policies, satisfy e-discovery requests, and effectively
manage sensitive information. Box is also a leader in compliance
standards, enabling customers to maintain adherence to important
industry regulations including HIPAA, FINRA, FedRAMP, and PCI DSS,
amongst others.
About IDC MarketScape: IDC MarketScape vendor assessment
model is designed to provide an overview of the competitive fitness
of ICT (information and communications technology) suppliers in a
given market. The research methodology utilizes a rigorous scoring
methodology based on both qualitative and quantitative criteria
that results in a single graphical illustration of each vendor’s
position within a given market. IDC MarketScape provides a clear
framework in which the product and service offerings, capabilities
and strategies, and current and future market success factors of IT
and telecommunications vendors can be meaningfully compared. The
framework also provides technology buyers with a 360-degree
assessment of the strengths and weaknesses of current and
prospective vendors.
About Box
Box (NYSE:BOX) is a leading Cloud Content Management platform
that enables organizations to accelerate business processes, power
workplace collaboration and protect their most valuable
information, all while working with a best-of-breed enterprise IT
stack. Founded in 2005, Box works with 69 percent of the Fortune
500, including AstraZeneca, General Electric, JLL, and Nationwide,
to drive business outcomes. Box is headquartered in Redwood City,
California, with offices across the United States, Europe and Asia.
To learn more about Box, visit http://www.box.com.
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Media Inquiries: Ashley McClusky ashley@box.com
Investor Relations: Alice Kousoum Lopatto and Elaine
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