OpenText a patent infringement lawsuit against the former and seeks compensation for the loss of USD 268 million

On the eve of the launch of the cloud storage start-up box, OpenText a patent infringement lawsuit against the former, demanding compensation for 268 million of dollars in losses.

OpenText is a software provider that provides enterprise information management solutions for large enterprises in the major industries, headquartered in Waterloo, Canada. Box is a corporate cloud storage and collaboration service provider, founded in 2005 by Aaron Levie, who dropped out of USC, and his little Dylan Smith. Box provides cloud storage and collaboration for individuals and businesses. box for large enterprises to take the subscription model, for individuals and small and medium-sized enterprises to take a free value-added mode, in providing a certain amount of free space (maximum 50GB) and services on the basis of value-added services to charge.

OpenText's announcement said Box's products violated the company's 12 patents and involved the core functions of the box product. Claim 268 million compensation and permanently stop the sale of box products. The case Management Council will be held on April 10, 2014.

Box has submitted a 250 million-dollar IPO plan last week. Its revenue for fiscal year 2013 was $124.2 million trillion, with revenues of $58.8 million in the previous fiscal year. But the company has been losing money since its inception in 2005, with a total loss of $168.9 million trillion, while last year's marketing spending rose 73% per cent to $172 million trillion.

Although the cloud storage has a wide range of application prospects, but the box in front of Google, Microsoft, Dropbox, Evernote and other strong opponents, their income is far from optimistic, in the run-up to the IPO and suddenly a stumbling block, box should how to tell their own story?