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Box.net secures $15 million for cloud-based ECM

by | Apr 30, 2010

Box.net will develop a cloud-based ECM offeringBox.net secures $15 million for cloud-based ECM

Box.net, a cloud computing provider, recently secured $15 million in financing led by Scale Venture Partners to bring a cloud-based enterprise content management platform to the market, the company announced.

The investment brings the company”s total venture funding up to $29.5 million since its founding in 2005.

Aaron Levie, co-founder and CEO of Box.net, says that the company is now dedicating funds to cloud-based ECM because it will be simpler than traditional ECM platforms, will allow collaboration and will expand company networks beyond the bounds of the workplace.

"We”re seeing incredible momentum for our cloud content management platform, driven by a workplace that has exploded beyond the office walls, and a workforce that needs anytime, anywhere access to crucial business content across all kinds of applications and devices," says Levie. "File servers and overly complex SharePoint deployments are no longer cutting it. Fueled by this new investment, we”ll continue to disrupt and redefine what has traditionally been a fragmented and cost-prohibitive market, delivering a sophisticated solution that stays true to our core mission of making it easy to manage, collaborate and share all types of content online."

In addition to progress made for cloud-based ECM, open source content management is making gains. Open source ECM provider Alfresco, for example, recently doubled its partners in North America.ADNFCR-1861-ID-19758542-ADNFCR