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Interactive 3D Technology to Transform Cloud Collaboration for Companies in Manufacturing, Retail, Engineering, and Consumer Products
LOS ALTOS, CA – April 14, 2015 — /BackupReview.info/ — Box (NYSE: BOX) today announced that it has entered into an agreement to acquire Verold, a powerful cloud-based 3D model viewer and editor to make it incredibly easy for businesses to create engaging and immersive content experiences for the web and mobile. As part of the acquisition, the Verold team will join Box, where they will work to integrate 3D conversion and previewing directly into Box’s premium enterprise content collaboration platform.
“There’s a massive opportunity today to transform the way people share and engage with their content in every industry,” said Aaron Levie, co-founder and CEO of Box. “With Verold’s technology, we’re extending our world-class content previewing and collaboration platform to interactive 3D content, opening all new-use cases across manufacturing, engineering, consumer products, and media and entertainment.”
Box continues to unveil product enhancements and partnerships to advance business transformation for its more than 45,000 organizations that represent all major industries, including manufacturing and engineering companies like GE and Avago Technologies, consumer products businesses like Procter & Gamble and Del Monte Foods, and media and entertainment firms like Discovery Communications and Legendary Pictures.
In 2014, Box introduced Box for Industries, an initiative to bring tailored solutions to key industries, combining Box’s platform capabilities – workflow, compliance, and metadata – with its extensive ecosystem of partners. To further this initiative, Box acquired MedXT in October 2014 to integrate medical image viewing and support for DICOM files within Box’s Preview technology, one of the most powerful and engaging features of the Box platform that was recently enhanced.
The agreement to acquire Verold continues Box’s deep investment in developing industry-focused solutions for businesses, as well as advancing how content is previewed and experienced across the web and mobile. Founded in Toronto, Canada in 2010, Verold has pioneered development with WebGL technology to deliver powerful content creation and editing tools for interactive projects that have broad applications for information workers. For example, with Verold:
“At Verold, we believe interactive 3D web content has the power to transform a wide range of industries and applications, from manufacturing to ecommerce, and we believe the tools to build the 3D web should be broadly accessible,” said Ross McKegney, CEO, Verold. “Box’s incredible success in building an enterprise content platform that already reaches 45,000 businesses presents a one-of-a-kind opportunity for us to bring the future of 3D content to millions of people around the world. We’re thrilled to be joining Box and can’t wait to get started.”
For a gallery of creative applications of Verold’s technology as diverse as media and entertainment, architecture, and art and animation, visit Verold’s web page here: www.verold.com
For more details about Box’s acquisition of Verold, visit the Box blog.
Financial terms of the acquisition were not disclosed. The transaction is subject to customary closing conditions and is expected to close this spring.
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