December 2019 Summaries

Box has been recognized as a "Hot Company to Watch in 2020" by Nucleus Research, which highlights companies poised for continued exceptional performance due to their innovative approaches and strong market positions. Since its inception in 2005 as a file sync and share platform, Box has evolved into a comprehensive cloud content management platform, focusing on usability, collaboration, and robust security features. The company's commitment to customer success and product enhancements, noted by Barbara Peck, Principal Analyst at Nucleus Research, were key factors in its inclusion on the list. At the BoxWorks conference, Box executives and customers shared insights into how Box supports digitalization projects, emphasizing the company's dedication to customer satisfaction and responsiveness. This acknowledgment follows Box's previous recognition as a Leader in the ECM Technology Value Matrix 2019 report by Nucleus Research.

The California Consumer Privacy Act (CCPA), effective January 1, 2020, is a landmark privacy law intended to enhance consumer control over personal information, requiring businesses to ensure transparency in data collection, sharing, and processing. It applies to for-profit companies operating in California that meet specific criteria, such as exceeding $25 million in annual revenue or processing data of over 50,000 consumers. The CCPA grants consumers rights including knowing what personal information is collected, the right to deletion, the right to opt out of data sales, and protections against discrimination. Companies that have prepared for GDPR may find themselves partially prepared for CCPA, but must still ensure compliance to avoid fines up to $7,500 per violation. Box offers solutions to aid CCPA readiness by providing a secure platform for data management and implementing features like Device Trust and Box Shield to manage access and enhance security. Additionally, Box Governance assists in meeting data retention requirements, helping organizations balance CCPA's right to erasure with other regulatory mandates.

Box, a company focused on community service, has transformed its holiday celebrations into a global event called Global Holiday Impact Day, where employees, known as Boxers, engage in volunteer work across the world. On December 6th, over 1,300 Boxers dedicated more than 6,000 hours to various nonprofit organizations in 38 cities across eight countries, embodying the company's value of "Make Mom Proud." Activities included gift wrapping in Sydney, decorating linen bags in Tokyo, and providing education in Cambodia. Boxers in Europe, North America, and other regions participated in diverse initiatives such as serving meals, assembling care kits, mentoring youth, and renovating community centers. The event highlights Box's commitment to social impact and community engagement, with ongoing efforts throughout the year supported by a dedicated team of volunteer leaders and the Box.org Committee. Box also collaborates with organizations like Give to Get to facilitate volunteer activities and offers support to nonprofits through its Box.org platform.

Box has been recognized as a leader in the content management space by Gartner, Forrester, and IDC due to its innovative Cloud Content Management platform, which is designed to meet current work demands and adapt to future business needs. This platform addresses the challenges of content sprawl and silos from multiple SaaS systems, supports digital business transformation by connecting fragmented operations, and meets high user expectations driven by the consumerization of IT. Box's emphasis on seamless collaboration, frictionless security, and integration with over 1,400 apps positions it as a strong replacement for traditional Enterprise Content Management solutions in a cloud-first environment. The platform is trusted by 69% of the Fortune 500 to enhance their business operations, with positive feedback from customers across all three analyst reports highlighting Box's customer-centric approach and strategic vision.

As businesses navigate the digital age, adapting to rapidly changing markets and regulations, there is a growing demand for intuitive, consumer-like tools in the enterprise sector. In response to this, technologies such as Box and Zoom have become essential for digital organizations, offering Cloud Content Management and modern video communication solutions. Recently, Box and Zoom have announced an expansion of their partnership to enhance secure collaboration across enterprises. This includes a new integration that allows users to share Box content seamlessly within Zoom's desktop client and Zoom Chat, in addition to previously existing mobile app capabilities, without compromising security or compliance. This partnership aims to empower users with seamless collaboration and increased productivity while maintaining enterprise-grade security standards.

BoxWorks 2019 showcased how diverse industries like banking, manufacturing, retail, and healthcare are utilizing the Box platform to streamline and modernize their business processes in a digital-first world. The event highlighted Box’s efforts to support developers with enhanced documentation, sandbox environments, and a new mobile SDK for iOS, while emphasizing the growing integration of Box with third-party applications such as Oracle and Salesforce to facilitate content management and collaboration. Security was a major focus, with the introduction of Box Shield to protect sensitive information and partnerships with companies like Splunk to enhance security measures. The conference underscored Box's commitment to providing a secure, efficient platform for content management and app development, with ongoing support for internationalization and integration with existing security systems.

Box and Box.org are actively participating in Giving Tuesday by launching a matching campaign for nonprofit organizations as part of their 2nd annual Box Global Holiday Impact Day. This initiative involves Box employees, known as Boxers, engaging in community service across 24 cities in 8 countries, working with over 35 organizations to address critical causes. Activities range from assembling care kits for typhoon victims in Tokyo to creating gift baskets for the elderly in London. Box is committed to year-round support for nonprofits, integrating giving back into their company culture as a member of the Pledge 1% community and a founding member of the #ImpactCloud coalition. This coalition, composed of 15 companies, co-funds initiatives like a Tech Accelerator program to support tech-centered nonprofits. Box leverages its technology, employees, and institutional assets to aid communities and encourages nonprofits to explore how their technologies can facilitate digital transformations.