17 Oct Box Named a Leader in Worldwide SaaS and Cloud-Enabled Content Applications by the IDC MarketScape
Recognized as a leader for continuous innovation, security, and support channels
REDWOOD CITY, Calif.–(BUSINESS WIRE)–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.
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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Investor Relations:Alice Kousoum Lopatto and Elaine Gaudioso
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