LOS ALTOS, Calif.--(BUSINESS WIRE)--Box (NYSE:BOX) today announced that it has been positioned as a Leader in Gartner’s “Magic Quadrant for Enterprise File Synchronization and Sharing (EFSS)¹.” Box was evaluated among 16 vendors in the market based on 15 criteria. Box is the only cloud-based provider among the four leaders. Gartner Magic Quadrants evaluates vendors within a particular market segment based on their completeness of vision and their ability to execute on that vision.

In the report, Gartner states that, “Leaders provide mature offerings that meet market demand. They have demonstrated the vision necessary to sustain their market positions as requirements evolve.” Moreover, “leaders typically possess a significant, satisfied customer base, and they enjoy high visibility in the market.”

“This is a highly competitive and fast-growing market, as nearly every business in the world is looking for technology to power new ways of working to increase productivity and collaboration across their organization,” said Whitney Bouck, senior vice president and general manager of enterprise at Box. “Our leadership position in this magic quadrant demonstrates that cloud-only technologies are able to meet the most stringent security needs of large and heavily regulated enterprises across all industries, while also providing a platform for enterprise content collaboration, business processes and workflow support.”

According to Gartner, “EFSS refers to a range of on-premises or cloud-based capabilities that enables individuals to synchronize and share documents, photos, videos and files across mobile devices, such as smartphones, tablets and PCs.” Gartner adds that, “Security and collaboration support are critical aspects for enterprises to adopt EFSS.”

Box makes it easy for more than 37 million users and 47,000 organizations around the world to share and collaborate securely on their most important content. In fiscal Q1 2016, Box grew its presence among the Fortune 500 and Global 2000, launched into a new vertical market, and introduced new product and platform innovations and investments. Most recently, Box and IBM announced a global partnership that will combine the best-in-class technologies and resources of both companies to transform work in the cloud.

Q1 FY2016 key highlights include:

• Added 2,000+ customers and now has more than 47,000 customers globally, including General Electric, AstraZeneca, the U.S. Department of Justice and Schneider Electric.
• Announced Box for Financial Services.
• Launched Box Enterprise Key Management, a patent-pending solution that enables organizations to collaborate in the cloud, while maintaining full control over the encryption keys.
• Introduced Box Developer Edition, which for the first time enables Box customers and developers to tap the full power of the Box platform and create apps for millions of new users.
• Completed acquisition of Subspace to help extend content securely to all devices.
• Announced the acquisition of Verold, a cloud-based 3D rendering technology that extends Box’s capabilities to interactive 3D content and new use cases in industries like manufacturing, retail, consumer products, and more.

For more information on today's announcement, please visit the Box blog.

Download a copy of the Gartner Magic Quadrant report here.

To hear how innovative companies across industries are using technology to transform their business, join us at BoxWorks 2015, September 28 – 30 at Moscone Center in San Francisco www.box.com/boxworks/.

Disclaimer:

Gartner does not endorse any vendor, product or service depicted in its research publications, and does not advise technology users to select only those vendors with the highest ratings. Gartner research publications consist of the opinions of Gartner's research organization and should not be construed as statements of fact. Gartner disclaims all warranties, expressed or implied, with respect to this research, including any warranties of merchantability or fitness for a particular purpose.

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 software platform for content collaboration, Box helps businesses of all sizes in every industry securely access and manage their critical information 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.

¹ Gartner, Magic Quadrant for Enterprise File Synchronization and Sharing, Monica Basso, Jeffrey Mann, Charles Smulders, July 22, 2015.