Cloud storage provider Box.net rejects 550 million US dollar purchase price

According to reliable information, cloud storage service provider Box.net has refused a bid for more than 550 million dollars in the offer.

VentureBeat, an American technology blogger, reported earlier that Box.net rejected a bid for a 500 million dollar offer. But the latest news confirms that Box.net's rejection of the offer is far above $550 million trillion.

Recently, Box.net has just financed 35 million U.S. dollars, the company's valuation of 550 million U.S. dollars, so that the total amount of corporate financing more than 100 million U.S. dollars. The Box.net received the offer before the latest round of financing, according to people familiar with the matter.

Box.net has given serious consideration to the offer. Box.net is not yet profitable for Andreessen Horowitz, Draper Fisher Jurvetson, Meritech Capital and U.S. Ventures and other investors, the sale of box.net can be immediately a substantial return, because box.net is not yet profitable.

But in the end, Box.net CEO Aaron Levie and CFO Dylan Smith refused the offer. Levie in an interview, said Box.net Bright future. "The current traditional enterprise software is moving to cloud computing, which is much larger than anyone expects," he said. In this period of transition, we are at the forefront. ”

Box.net allows users to store files online, work together, and compete with Microsoft, Oracle and IBM, the leader in the Business Synergy field. The Box.net service is free, but if additional space and password protection is required, a monthly fee of USD 15 will be paid. By the end of January this year, 60,000 companies were using box.net services.

Box.net about 90% of the revenue comes from corporate products, and 77% of Fortune 500 companies use their services. Levie expects revenue from corporate products to grow twice times this year.

(Responsible editor: The good of the Legacy)