Box is releasing a number of new features today, with the broad theme of addressing “the needs of our largest enterprise customers in deploying this kind of technology,” according to CEO Aaron Levie.
Those features include the ability to search files across an entire company, a new dashboard offering more granular controls for company administrators, mobile security options like passcode locks, support for multiple email domains, activity notification archiving, and a new enterprise licensing agreement. Altogether, Levie says this means big companies can manage organization-wide Box deployments “at a scale that was never before possible.” This should also help some of those larger customers address issues like regulatory compliance.
For example, Box’s search was previously limited to individual accounts. The new enterprise-wide search addresses e-discovery requirements, so if a legal issue arises, businesses can find content anywhere within the company.
The new ELA is crucial too, Levie says, because it means customers should have more predictable pricing as the exact size of their teams change, rather than paying purely on a seat-by-seat basis as in the past.
Levie adds that this is part of a larger trend, both within Box and across cloud industry. A few years ago, CIOs of large companies only wanted to use a service like Box in isolated pockets of the organization.
“Today what we’re seeing is, companies are doing the inverse,” Levie says. “They actually want their core systems to be cloud. … They would rather have the core systems be from vendors that can focus all of their energy on solving all of their core problems instantly.”
Hence the new features making that process easier. Levie also points to the successful IPOs of companies like Jive Software and Splunk as evidence of how the enterprise landscape is changing. That brings up another question: Given its growth and success, is there a Box IPO on the horizon? It may may be in the long-term playbook, but Levie says that for now, he’s enjoying the benefits of keeping the company private, so, “We’re definitely not going to do anything this year.