Box and Dropbox Come of Age in Cloud Computing
Grazed from New York Times. Author: Quentin Hardy.
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Two of the buzziest competitors in cloud computing are settling into coexistence — and maybe figuring out ways to take on the giant in the market, Amazon.com.
Aaron Levie, the chief executive of Box.David Paul Morris/Bloomberg NewsAaron Levie, the chief executive of Box.
The online data storage company Box announced on Tuesday that it was getting $125 million in new financing, which the company’s chief executive, Aaron Levie, says will be used to expand internationally and invest in consultants for big corporate clients. General Atlantic, a large private equity firm, is contributing $100 million of the investment. Gary Reiner, the former chief information officer of General Electric and now an operating partner with General Atlantic, will join Box’s board. Mr. Reiner is also on the board of Hewlett-Packard…

