July has now kicked off with a bang or punches, depending on your viewpoint. Box put its boxing gloves on and smacked back hard at activist investor Starboard (the link here is well worth a read!), and Dutch firm IPRO acquired veteran eDiscovery vendor ZyLAB.
You can read more about the arcane world of file migration in our recent report, but though this Analyst Note focuses on Box Shuttle, the fact is we are seeing a surge of interest across the board in moving files to the cloud. And that shift opens up a wide range of new opportunities and challenges for firms to adapt, and to innovate in ways they could not do while keeping files on-premises.
This past week, Utah-based NetDocuments ownership switched from Clearlake Capital Group to private equity firm Warburg Pincus, reportedly, for reportedly, over $1B documents. It’s an exciting move for NetDocuments, whom we know pretty well, for several reasons. Firstly, such a large deal will surprise many in the industry as NetDocuments, as the saying goes, flies beneath the radar.
But, this past week, fellow cloud file migration vendor, SeeUnity (based in Colorado), was acquired by Boston, based private equity-backed legal tech firm Anaqua.
My take was that this investment was a good move for Box. It provides longer-term stability and some protection against an activist investor who may well have wanted to control or flip the company. My interest is in the industry as a whole, buyers, users, and builders of technology.
Today Dropbox announced that it is to acquire San Francisco-based DocSend, a VC-backed startup that has been around since 2013 and raised a little over $15m in funding. DocSend is an interesting little firm with an innovative approach to tracking and securing external messages and documents.
Cloud File Migration vendors are the spark plugs to grow file-based cloud applications, nobody gives them much attention, but without them, nothing happens.
Today Box quietly announced that it had acquired Boston-based, file migration vendor Cloud FastPath (CFP). It’s a firm that Box has been working closely with for a long while, and CFP technology is at the heart Box Shuttle, its migration service. As CFP has been the technology under the covers of Box Shuttle for some …
Box Brings on Cloud FastPath Assets and Team – Our Thoughts Read More »
Today Box announced that it had acquired Dutch eSignature firm SignRequest. This deal is of significant market interest for two reasons.
Last year we oversaw a TSG* 11 Billon billion benchmarking exercise. This week we talked with Alfresco arch-rival, Nuxeo, who has now also taken it to 11. On the one hand, we can see massive benchmarking activities as little more than techies showing off. On the other hand, and it will come as a surprise to some, today’s repositories of documents are sometimes counted in multiple billions.
