SAN FRANCISCO--(BUSINESS WIRE)--BoxWorks 2015 -- Box (NYSE:BOX) today unveiled advanced security, governance and infrastructure management tools to help businesses protect and control their most valuable enterprise content. Before an audience of thousands of IT leaders at BoxWorks, Whitney Bouck, senior vice president and general manager of Enterprise at Box, introduced enhancements to Box Governance and information rights management on Box, as well as expanded offerings that support secure cloud infrastructure services from Amazon and IBM.
“As more and more businesses transition to the cloud, today’s IT leaders must re-evaluate the underlying platforms that protect and secure their enterprise content,” said Whitney Bouck. “We’re building a new kind of enterprise content management and collaboration platform that meets the evolving needs of the modern enterprise.”
Bringing Legal Holds to Box Governance
Box introduced new updates to Box Governance that help companies address their legal, regulatory and business goals for secure content collaboration. Expanding on its retention management and collaboration whitelist features, Box announced support for Legal Holds. For businesses managing legal discovery or litigation processes, Legal Holds will enable customers to put a hold on content stored in Box, enabling defensible discovery on all Box content and enhanced protection for customers.
Building on IBM Partnership with New Integrations
Box unveiled several deep new integrations with IBM that span product lines, aimed at making it easier for businesses to access and collaborate on content from any system.
“IBM and Box have been working together closely with one goal in mind, to help businesses transform the way they work,” said Rich Howarth, Vice President of ECM Products, IBM. “Today’s new product updates demonstrate the strong progress we’ve made in powering secure collaboration and content management in the cloud with Box and IBM.”
Box and IBM announced:
- IBM Content Navigator with Box allows companies to search for content across both on-premise and Box environments, with a single integrated view. IBM Content Navigator is an interface and development platform that clients can use to shape the content experience for both their desktop and mobile ECM solutions.
- IBM StoredIQ with Box helps companies make more informed business and legal decisions by providing them with an in-depth assessment of unstructured data across Box and on-premise environments, including where it resides. With IBM StoredIQ with Box, customers will be able to search on-premise and Box-based data, classify it and upload it directly back to the Box Platform.
- IBM Case Manager with Box seamlessly shares content on the Box platform with external participants, optimizing case outcomes by applying context to content and enabling flexibility across business processes.
- IBM Datacap with Box helps businesses capture documents across multiple sources, extract key information from them, and store them to Box which reduces costs and increases accuracy and speed in powering workflows, regardless of device.
Expanding Information Rights Management
Box also expanded its information rights management service, adding Device Trust support to provide intelligent control over sensitive content without impacting business usability. Device Trust allows IT admins to validate a device's security posture before authorizing end-user access to content, ensuring that only approved devices, such as corporate-owned or encrypted devices, can access Box. Device Trust will work in tandem with previously announced Document Watermarking to provide more control over content and effectively limit access levels.
Democratizing Customer Managed Encryption Keys
The company also showcased expanded cloud infrastructure offerings that provide Box customers with more choice and control for their content across platforms. Earlier this year, Box introduced Enterprise Key Management (EKM), which enables customers to manage their own encryption keys for Box content, leveraging Amazon Web Services Hardware Security Modules (HSMs). Today, Box announced that Box EKM will also support the new Amazon Web Services Key Management Service (KMS), which makes it easy for Box customers to manage their own encryption keys in the cloud, without the added complexity or cost of managing an HSM. Box EKM with Amazon Web Services KMS makes it easy for Box customers of any size to manage their own encryption keys in the cloud.
More than 40 million users and 50,000 businesses rely on Box for secure collaboration, including 52% of the Fortune 500. Leading organizations such as US Department of Justice, Toyota, AstraZeneca, Barneys New York, Legendary Pictures, and General Electric use Box as their next generation enterprise content management and collaboration platform.
Availability
- Device Trust in beta today
- Content Navigator with Box integration and IBM StoredIQ Suite with Box integration available today.
- Legal Holds expected in 2016.
About Box
Founded in 2005, Box (NYSE: BOX) is transforming the way people and organizations work so they can achieve their greatest ambitions. As the world's leading enterprise content management and collaboration platform, Box helps businesses of all sizes in every industry securely access and manage their critical in formation in the cloud. Box is headquartered in Los Altos, CA, with offices across the United States, Europe and Asia. To learn more about Box, visit www.box.com.
Safe Harbor For Forward-Looking Statements
This press release contains forward-looking statements that involve risks and uncertainties, including statements regarding Box’s current and future products and services, and Box’s customers and partners. There are a significant number of factors that could cause actual results to differ materially from statements made in this press release, including: adverse changes in general economic or market conditions; delays or reductions in information technology spending; factors related to Box’s intensely competitive market, including but not limited to pricing pressures, industry consolidation, entry of new competitors and new applications and marketing initiatives by Box’s current or future competitors; the development of the cloud-based Enterprise Content and Collaboration Management market; risks associated with Box’s ability to manage its rapid growth effectively; Box’s limited operating history, which makes it difficult to predict future results; the risk that Box’s customers do not renew their subscriptions or expand their use of Box’s services; Box’s ability to provide timely and successful enhancements, new features and modifications to its product and services offerings; actual or perceived security vulnerabilities in Box’s services or any beaches of Box’s security controls; and Box’s ability to realize the anticipated benefits from its partnerships.
Additional information on potential factors that could affect the forward-looking statements in this press release, as well as Box’s financial and operational results, is included in the reports on Forms 10-K, 10-Q and 8-K and in other filings Box makes with the Securities and Exchange Commission from time to time, including the Quarterly Report on Form 10-Q filed for the fiscal quarter ended July 31, 2015. These documents are available on the SEC Filings section of Box’s investor relations website located at www.box.com/investors. Box does not assume any obligation to update the forward-looking statements contained in this press release to reflect events that occur or circumstances that exist after the date on which they were made.
Any unreleased services or features referenced in this or other press releases or public statements are not currently available and may not be delivered on time or at all. Customers who purchase Box products and services should make their purchase decisions based upon services and features that are currently available.
