These are golden days for enterprise (and wanna be enterprise) IT vendors, especially for those that offer consumer-like experiences in the cloud.
You don’t have to look any further than the (now confirmed) $350 million Dropbox raised last month to prove it. That puts the file sync and share vendor’s valuation at over $10 billion. It’s a pretty hefty sum for any company, let alone one which may be giving many of its products/services away for free.
That being said, Dropbox is loved by the masses; last November it reported that it had 200 million registered users. It’s safe to assume that most of them registered as individuals versus as members of corporations.
What does Dropbox plan to do with its new investment? Among other things, it wants to make itself enterprise worthy. And at this point that may mean simply adding enough security features to keep CIOs from blocking workers from accessing it (which is now the case in most large enterprises).
Is this something Dropbox can achieve? Sure. It’s “when” that is in question.
Once that is done, Dropbox will have to chase other enterprise-grade cloud file sync and share leaders like Box, Microsoft and Syncplicity to add features that take it beyond “sync” (which is what it was originally designed for) that bring greater value to the Enterprise.
Is Box Going 'Big Data' to Raise its Valuation?
Earlier this month Quartz reported that, in order to avoid being “pegged as a one-trick pony” on the eve of its publicly announcing that it has filed for its IPO (according to Forbes this could happen before March), Box hired former Las Vegas Sands Corporation CIO, Manjit Singh, to lead the company’s charge into big data.
When we read the news, we said, huh?
While Singh is, no doubt, an impressive tech executive, he doesn’t have the big data creds of a Jeff Hammerbacher, DJ Patil or Hilary Mason; in fact, as far as we can tell, he doesn’t have any big data creds at all.
Now don’t get us wrong, when we used our headhunting skills to check out Singh, we found his track record in advocating and actually moving business applications to the cloud to be quite impressive. But cloud isn’t the same as big data.
The article went on to say that Box wanted to position itself, not just as a Dropbox rival, but also a “big-data cruncher for companies that can go toe-to-toe with data service giants like IBM and Salesforce.com.” (Quartz might as well have added Amazon AWS Kinesis, CSC’s Infochimps, Google Cloud Platform, Microsoft HDInsight, Pivotal … (we could keep going) to the list, but, as some VCs will tell you, that field is a little crowded as it is.)
For the record, Box says it hired Singh to build out its industry consulting service.
Maybe Quartz meant to say that Box was going to build out and leverage Big Data analytics to help its clients learn more about how content stored in Box is being consumed; but this is pure speculation on our part. It could be that Box actually pictures itself on Wikibon’s big data leaders list in 2015.