Box.net Achieves 535% Enterprise Revenue Increase in 2009

More Than 3.5 Million Users Leverage Sophisticated Cloud Content Management Platform

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In 2010, we'll further enhance our service, reinventing how businesses use the Box.net platform to engage with content. And we'll continue to integrate with popular applications and devices, insuring that Box.net provides the best and most reliable way for customers to share business content.

Palo Alto, Calif. (PRWEB) January 8, 2010

Cloud content management provider Box.net today announced record growth and momentum for 2009 as businesses continue to adopt Box.net to share and collaborate on files and media in the cloud. The company met several major growth milestones in 2009 including over 535% enterprise revenue growth, the acquisition of Increo Solutions, Inc., and key integrations with salesforce.com and LinkedIn. Today, more than 3.5 million users rely on Box.net's cloud service to simplify file management, facilitate collaboration and accelerate team productivity.

Summary of Box.net's 2009 Milestones

Customer and Revenue Growth
Box.net reached over 3.5 million users in 2009, including businesses that span industries including engineering, construction, entertainment and financial services. Enterprise revenue grew over 535% with 4th quarter revenue hitting an all-time company high, indicating accelerated momentum heading into 2010 for customer adoption of Box.net's cloud content management service.

Platform Enhancements and Partner Strategy
Over 2009, the Box.net engineering team made several key feature enhancements to the Box platform to optimize business and enterprise functionality. These included flexible workflow, full-text search, and major security advancements, with full SAS 70 certification slated for completion in early 2010. Box.net also expanded its OpenBox directory through integration partnerships with industry leaders such as Salesforce.com, LinkedIn and many others.

Acquisition
Box.net acquired Increo Solutions, the Mountain View, CA developer of collaborative online document and media viewing tools Backboard (http://www.GetBackboard.com) and Embedit.in (http://embedit.in). Box.net is integrating Increo's content viewing, annotation, and embedding to give Box customers a seamless and interactive experience with documents online.

Employee Growth
Box.net's workforce grew to 65 employees, a 75% percent increase from 2008. Key hires included executives and staff from Google, LinkedIn, SuccessFactors, Yahoo, IBM and BitTorrent.

Awards & Accolades
Box.net received a number of accolades in 2009, including recognition from the Silicon Valley/San Jose Business Journal as the second fastest growing private company in Silicon Valley, as well as winner of the Emerging Tech award in the Cloud Computing category. Co-founders Aaron Levie and Dylan Smith together were named in the top five of BusinessWeek magazine's "Best Entrepreneurs Under 30".

"2009 was a breakthrough year for Box.net," said co-founder and CEO Aaron Levie. "In 2010, we'll further enhance our service, reinventing how businesses use the Box.net platform to engage with content. And we'll continue to integrate with popular applications and devices, insuring that Box.net provides the best and most reliable way for customers to share business content."

About Box.net, Inc.
Founded in 2005, Box.net (http://www.box.net) now serves over 3.5 million users and companies ranging from small businesses to Fortune 500 companies that look to Box to simplify online content management, accelerate team productivity and connect employees with a familiar interface that anyone can use. Box.net is a privately held company headquartered in Palo Alto, CA, and is backed by venture capital firm Draper Fisher Jurvetson and U.S. Venture Partners.

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