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GE Cuts Battered Box a Big Break

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. 

Enthusiasm Abounds

Levie was obviously thrilled.

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.

 
 
 
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