Aaron (CEO, on the right) and Dylan (COO, on the left) started as high school best friends. The idea of Box originated as a research project Aaron was working on. He then dropped out to start-up Box as a company with Dylan. And was funded by $20,000 online poker winnings! At least until Mark Cuban came in. Aaron cold-emailed Cuban about Box, and got a response immediately. In the fall of 2005, Cuban decided to put in $350,000.
In October 2009, we made our first acquisition, buying Increo Solutions for its document collaboration and preview technology. In March 2010 we integrated with Google Apps, in September 2011 we hosted first customer conference, BoxWorks, and in October 2011 integrated with MSFT Office. Box ends 2011 with 336 employees, 9 million users, and signs Procter & Gamble as a customer with 18,000 users.
In February, we hit 1,000 employees. Beyonce uses Box to drop her self-titled album. Columbia Records distributed all the digital assets related to the “Beyoncé” album to the press, media, and partners via Box the moment the album was dropped, all using Box Embed. The album was launched on iTunes without a traditional record release. We launched Box.org, an initiative focused on empowering global non-profits. We also opened our Tokyo office and our Austin office!
We went public! On January 23rd, Box held its initial public offering on the NYSE. The IPO price was $14.00. It opened at $20.20 and closed at $23.23. The IPO raised $175 million and established a market capitalization of about $1.6 billion.
At our annual customer conference, we announced Box Shield (intelligent security including threat detection). We hosted our first ever Global Holiday Impact Day, where we come together as a Box community to give back locally and support those in need. Over the course of two weeks, more than 1,350 Boxers around the world volunteered over 4,000 hours.
In January we opened a new office in Warsaw, an incredibly exciting addition to our EMEA expansion.