Battered Box got exactly what it needed today: a vote of confidence from Fairfield, Conn.-based General Electric Co. Just weeks after rumors circulated that the enterprise file sync and share (EFSS) start-up was delaying its highly touted IPO, GE announced plans to deploy Box companywide. The agreement could eventually affect most of GE’s 300,000 worldwide employees.
In a statement, Box said the agreement will empower GE employees to "intuitively collaborate and securely share files" from any computer, phone or tablet.
Levie was obviously thrilled.
Box + GE is a huge win for cloud, user-centric IT, enterprise mobility, and more. There is a real sea change in software adoption happening.— Aaron Levie (@levie) May 8, 2014
Easy, Fast and Simple
Jamie Miller, senior vice president and CIO of GE, noted that moving to a cloud technology like Box enables the company to centralize its content and enhance "efficiency, speed and simplicity" for its employees.
Aaron Levie, co-founder and CEO of Box, was enthusiastic about the deal, which has reportedly been in the works for about a year. GE, he stated, is at the forefront of "bringing intelligent data to industrial machines and processes" — and is "applying that same creativity and innovation to their information technology strategy, empowering employees with better access to information and ultimately driving more productivity and collaboration organization-wide."
Though terms of the deal were not disclosed, it bodes well for beleaguered Box. The deal could significantly increase Box’s financial viability.