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Inc. Magazine Unveils 29th Annual List of America’s Fastest-Growing Private Companies

PALO ALTO, Calif., Aug 31, 2010 –/PRNewswire via COMTEX/– Inc. magazine ranked Box.net No. 152 on its 29th annual Inc. 500, an exclusive ranking of the nation’s fastest-growing private companies. The list represents the most comprehensive look at the most important segment of the economy–America’s independent-minded entrepreneurs.

Companies such as Microsoft, Zappos, Intuit, GoDaddy, Zipcar, Clif Bar, American Apparel, Oracle, and many other well-known names gained early exposure as members of the Inc. 500.

Based in Palo Alto, Box provides cloud content management for more than 4 million users and companies ranging from small businesses to Fortune 500 companies. Box serves as a central hub for all types of business content, facilitating internal and external collaboration with flexible workflow tools and a real-time activities feed, and giving IT professionals unprecedented visibility into how content moves within and beyond their organization. Company revenue grew 1,822% from 2006 to 2009, driven by consistent traction among small and medium businesses, and a major spike in adoption by large enterprises, like Coca Cola, T-Mobile and Audi. SAS70 certification and integrations with other best-of-breed business solutions like Salesforce, Google Apps, NetSuite, SAP StreamWork and SugarCRM have contributed to Box’s enterprise momentum, as have major product enhancements such as the Box Sync desktop client.

“At Box, we see our growth as indicative of a broader trend, as businesses of all sizes look to innovative, cloud-based solutions to address massive information and collaboration challenges that aren’t being solved by legacy solutions,” said Aaron Levie, co-founder and CEO of Box.net. “We’re taking an entirely new approach to enterprise content management, a category ripe for disruption, and believe that Box’s cloud content management will continue to resonate with historically under-served small businesses, as well as large enterprises looking for powerful alternatives to costly and rigid on-premise systems, like Microsoft SharePoint. We’re honored to be included in the Inc. 500, and we’ll continue to invest aggressively in our platform, partnerships and new talent, so as to maintain this momentum.”

The 2010 Inc. 500, unveiled in the September issue of Inc. magazine, is a group of companies that are smaller but much faster growing than last year’s crop. Aggregate revenue is $11.3 billion–down from last year’s $18.4 billion–but median three-year growth is 1,231 percent, substantially up from last year’s 880.5 percent. The companies on this year’s list employ more than 45,000 people. Complete results of the Inc. 500, including company profiles and an interactive database that can be sorted by industry, region, and other criteria, can be found at www.Inc.com/500.

“Fast growth at any time is a big achievement; fast growth during the past few years is just short of miraculous,” said Inc. editor Jane Berentson. “The Inc. 500 consists of these just-short-of miraculous companies, the ones that through ingenuity and ambition have increased revenue, hired employees, and grown fast in difficult economic times.”

For more information on Box.net, please visit www.box.net.

About Box.net

Founded in 2005, Box provides cloud content management for more than 4 million users and companies ranging from small businesses to Fortune 500 companies. Box’s dynamic, flexible content management and collaboration solution empowers users to access and share content online, and gives IT professionals unprecedented visibility into how content moves within their organizations and beyond. Content on Box can be shared internally and externally, accessed through iPad, iPhone and BlackBerry applications and extended to OpenBox partner applications such as Google Apps, NetSuite and Salesforce. Headquartered in Palo Alto, CA, Box is a privately held company and is backed by venture capital firms Draper Fisher Jurvetson, ScaleVP and U.S. Venture Partners.

About Inc. Magazine

Founded in 1979 and acquired in 2005 by Mansueto Ventures LLC, Inc. (www.inc.com) is the only major business magazine dedicated exclusively to owners and managers of growing private companies that delivers real solutions for today’s innovative company builders. With a total paid circulation of 712,647, Inc. provides hands-on tools and market-tested strategies for managing people, finances, sales, marketing, and technology. Visit us online at www.inc.com.

SOURCE: Box.net

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