Data Storage Player Prepares to Compete Overseas

The past couple of years, cloud storage or online storage has been growing in popularity. The most popular applications such as Google drive and DropBox has made their way to most smartphones and computers. Aaron Levie, the cheif executive of Box, a relatively new private cloud storage company, has stated that their company are planning to expand to France and Germany. 

Throughout the past year, Box has raised over $150 million in capital to compete with their competitors. Aaron Levie said their main focus right now is to expand internationally and they are doing so in order to keep up with companies like Dropbox. Paris and Munich are the first targets of Box and rest of the Europe and beyond will be Box’s focus in the near future.

Personally, I do not have enough files and the necessity to pay for extra cloud storage. So I don’t think I will ever have the need to pay for it. I am assuming businesses and companies with mass files have the absolute need to have cloud storage. We’ll see if this was a wise move for Box.

-Derby Ng

http://www.nytimes.com/2013/04/01/technology/box-a-data-storage-company-prepares-to-expand-in-europe.html?ref=business&_r=0

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