Some 300,000 General Electric employees will start using Box as their corporate file-share and collaboration product, Box said Thursday.
GE is a new customer to Box, and an obviously huge one. This news comes at an opportune time for the Los Altos, California based company, which is competing not only with Dropbox for business accounts but with Microsoft and Google as well. In its S-1 filing, however, the company admits profitability is a ways off.
“For the 12 months ended December 31, 2011, January 31, 2013 and 2014, our revenue was $21.1 million, $58.8 million and $124.2 million, respectively, representing year-over-year growth of 179% and 111%, and our net losses were $50.3 million, $112.6 million and $168.6 million, respectively.”
In a blog post, Box CEO Aaron Levie said Box has been working with GE for two years. GE joins Proctor & Gamble and McAfee as big Box customers.
GE is important for more reasons than its size. The company is negotiating a transition from the industrial age into a driver of cutting-edge cloud and big data technologies. Its investment in Pivotal’s new-age big data platform is one indication of that. Jamie Miller, CIO and SVP of GE, will talk about all this and more at Structure next month.
Check out Levie’s talk from Structure 2012 below:
Related research and analysis from Gigaom Research:
Subscriber content. Sign up for a free trial.
- What mattered in social business in the first quarter of 2014
- Gigaom Research predictions for 2014
- How companies can grow by moving into newer, bigger markets
More From paidContent.org
- General Electric