Feeds

Sync'n'share firm Box secretly files for IPO

Dropbox-style offering possibly worth up to $2bn

Boost IT visibility and business value

Enterprise-focused file sync'n'share outfit Box has secretly filed an IPO intention with the SEC and not shared it with anybody in advance, according to media outlet Quartz and others.

Box is fighting it out with Dropbox for the lead in the enterprise file-sharing market, which is largely based on putting files in a cloud reservation accessed by authorised users.

An alternate approach is to put files into a virtual reservation in a company’s data centre with user access through the file sync'n'sharer’s end-point agent software.

Dropbox recently received $250m in VC funding, giving it an implied valuation of $10bn. Box received $100m in December, giving it an implied valuation of $2bn.

Apparently, if your annual revenue is less than a billion bucks then you can file the S1 IPO papers in confidence. Twitter has done this. Speculation is that Box could IPO in the second half of 2014. ®

Build a business case: developing custom apps

More from The Register

next story
6 Obvious Reasons Why Facebook Will Ban This Article (Thank God)
Clampdown on clickbait ... and El Reg is OK with this
Mozilla's 'Tiles' ads debut in new Firefox nightlies
You can try turning them off and on again
No, thank you. I will not code for the Caliphate
Some assignments, even the Bongster decline must
Barnes & Noble: Swallow a Samsung Nook tablet, please ... pretty please
Novelslab finally on sale with ($199 - $20) price tag
Banking apps: Handy, can grab all your money... and RIDDLED with coding flaws
Yep, that one place you'd hoped you wouldn't find 'em
TROLL SLAYER Google grabs $1.3 MEEELLION in patent counter-suit
Chocolate Factory hits back at firm for suing customers
Primetime precrime? Minority Report TV series 'being developed'
I have to know. I have to find out what happened to my life
Netflix swallows yet another bitter pill, inks peering deal with TWC
Net neutrality crusader once again pays up for priority access
prev story

Whitepapers

Top 10 endpoint backup mistakes
Avoid the ten endpoint backup mistakes to ensure that your critical corporate data is protected and end user productivity is improved.
Implementing global e-invoicing with guaranteed legal certainty
Explaining the role local tax compliance plays in successful supply chain management and e-business and how leading global brands are addressing this.
Backing up distributed data
Eliminating the redundant use of bandwidth and storage capacity and application consolidation in the modern data center.
The essential guide to IT transformation
ServiceNow discusses three IT transformations that can help CIOs automate IT services to transform IT and the enterprise
Next gen security for virtualised datacentres
Legacy security solutions are inefficient due to the architectural differences between physical and virtual environments.