Box: Ten years of change are waiting for us

Box, a well-known online file storage and sharing service in Silicon Valley, provides corporate customers with cloud-based content management systems that were established in 2005 and have received venture funding from Mark Cuban. In the most recent round of financing completed in late July 2012, valuations reached between $ 1.2 billion and $ 1.5 billion. The following article is being edited by BoxCare CEO Allen Levie for TechCrunch.

Five years ago we decided to lock Box's goal as a business customer with some exciting trends at the time: people needed tools that were easier to use; the advent of cloud-based technologies meant that IT departments could save some time on system maintenance, In the organization to play a more strategic role; corporate executives are accustomed to using the latest technology, rapid changes in customer needs also brought a lot of entrepreneurial opportunities.

Many changes have taken place in the five years since then: Employees are no longer just replacing the old software used in the organization with a new one, and the IT department finally decides what to do. iPad available, in one fell swoop changed the tablet device market, all new applications have to move closer to it. CIOs (CIOs) are prepared to adopt cloud technology on a large scale, and employees are getting ready for it.

Workday IPO last quarter can be described as unparalleled, and now the company's valuation of about 9 billion US dollars. Meraki changed to the corporate market for a few years and was immediately acquired by rival Cisco for $ 1.2 billion. Eloqua is also, the company in the cloud computing market has just played against Salesforce, quickly by Oracle for $ 900 million received.

Looking forward to the next five years, we realize that the scale of industrial subversion is getting bigger, deeper and far beyond our original imagination. The advantages and opportunities that we saw in 2007 were only superficial and, under the hood, were a radical structural transformation that was more violent.

We will witness a decade-long change in the nearly $ 1 trillion business market that is waiting for start-ups to divide up.