In September of 2010, the Texas Rangers professional baseball team signed a $3 billion, 20-year television deal. The New York Yankees and Boston Red Sox, perennial big market teams, took serious notice. All of a sudden the Rangers -- a team with a nice offensive lineup, but traditionally weaker pitching -- became a contender at the highest level. They could now compete for high-priced free agents and invest significantly in player development within their farm system.
I bring up the Rangers not because they are alive and well in the 2011 baseball playoffs while the Yankees and Red Sox are sitting at home, but because I was reminded of this moment with the recent Box news that they have received yet another round of VC funding. This round of $81 million brings the funding total to $162 million. Not long ago, many were scoffing at Box as being just another California start-up foolishly comparing themselves to the SharePoint behemoth. Box did not (and still doesn't) offer nearly as much functionality as SharePoint. However, with $162 million in funding, they cannot be ignored as a contender.
Of course, money doesn't guarantee victory (as a die-hard Red Sox fan, I know). Box will need strong management and products that meets the needs of buyers, not just investors. But one thing is certain, many of the collaboration and file-sharing mainstays are taking notice. Buyers likely will too.
Enterprise Collaboration & Social Software Evaluation Stream looks at... Atlassian and SharePoint integration
"Like other Social Software vendors, Atlassian faces the dilemma of whether
to supplant SharePoint or to integrate with it. Like its peers, Atlassian is beginning to see the necessity of coexistence, and they seem to be moving closer to Microsoft with its release of the SharePoint connector plugin...."
Learn the real strengths and weaknesses of major Collaboration vendors from around the world, in our Enterprise Collaboration & Social Software evaluation research stream.
"This is an extremely deep dive into the actual inventory of social and collaboration software products and platforms, with descriptions, ratings, feature matrices and screenshots."
Scott Mark, Blogger on Social Software
Get the Real Story bi-weekly.
USA & Canada
+1 800 325 6190
+44 (0) 20 3318 1911
+1 617 340 6464
All Other Inquiries
All analyst firms claim to be independent or vendor-neutral. We're different.
Get the real story on commercial and open source tools from a firm that works only for you, the technology customer.
Thank you for signing up for The Real Story Group Newsletter. You will receive our monthly newsletter, plus updates with new information on the technology streams you have expressed interest in below.