Now Box Inc (BOX) Can Help Enterprises To Detect And Manage The Use Of Cloud Applications


box app

Box Inc (NYSE:BOX) will now be able to provide its clients more than just cloud storage and file sharing services. The company will also provide clients with cloud management solutions, thanks to the acquisition of Airpost. Box is up against rivals such as Google Inc (NASDAQ:GOOGL) and Microsoft Corporation (NASDAQ:MSFT) in the enterprise cloud market.

Box Inc (NYSE:BOX) has confirmed the acquisition of Airpost. According to Airpost’s CEO, Navid Nathoo, they will cease operations next month as they transition to Box. Nathoo said that they were glad to work with Box, whose CEO Aaron Levie, inspired him to develop Airpost.

The Toronto-based Airpost is a startup that has been around for nearly two years and boasts a technology that is able to help IT departments in the detection and management of cloud apps. In a blog post, Airpost’s Nathoo cited how they identified a practice where employees started using new cloud apps to help them enhance their productivity. They also noted that the IT team would quickly move to block access to the new cloud apps that employees are using without prior approval for security reasons.

Secure cloud application

The conflict between employees wanting to boost their productivity with new apps, and the IT departments that wants to keep the company system secure, led Airpost to develop a solution. Enterprises that use Airpost are able to detect new apps in use by their employees and manage them to ensure that everything is safe. As such, employees are able to improve their productivity, without exposing the company’s cloud system to threats.

Financial details withheld

By tapping Airpost, Box Inc (NYSE:BOX) will be able to enrich its cloud services so that it becomes even more competitive. Box did not disclose the financial terms of the deal with Airpost.

Clients

DreamWorks Animation Skgs Inc (NASDAQ:DWA), General Electric Company (NYSE:GE) and AstraZeneca PLC (ADR) (NYSE:AZN) are some of the clients of Box Inc (NYSE:BOX). Besides cloud storage and file sharing services, Box also provides access to production tools such as Office 365. Box, which raised $175 million in its IPO last month, also offers 10GB of free cloud storage for individual users.

Neha Gupta

Neha Gupta has been in the financial space for over six years now. Gupta earned her MBA degree from Symbiosis Centre of Distance Learning in 2009 and her passion for finance led her to pursue Chartered Financial Analyst (CFA) course. She has successfully completed Level II of her CFA. She is a veteran in article writing, which is depicted in her numerous pieces published on SeekingAlpha, Nextiphonenews, InsiderMonkey, MarketWatch, and Techinsider. Her crisp and eloquent writing finds its best place in Researchcows, where emphasis is given on developing rich content for various websites, products, business plans, trainings, and book writing.

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