Lotte Corporation Deploys Box Company-wide for Digital Transformation and Business Growth

Rhea-AI Summary

Box, Inc. (NYSE: BOX) announced that Lotte Corporation has adopted its cloud-based collaboration tools across the company as part of Lotte's Digital Transformation program. This transition aims to enhance information governance and communication, while replacing outdated IT systems with a cloud-first infrastructure. By integrating Box's services, Lotte seeks to improve operational efficiency and adapt to changing market demands. The partnership is expected to boost productivity and support Lotte's growth in a post-pandemic environment.

Positive

• Lotte Corporation adopts Box company-wide, enhancing collaboration and communication.
• Replacement of legacy IT systems with a cloud-first infrastructure improves operational efficiency.
• Integration of Box's services is expected to boost employee productivity and support business growth.

Negative

• None.

- Accelerates its Digital Transformation program by developing a secure collaboration infrastructure that can respond to rapid market changes -

TOKYO--(BUSINESS WIRE)-- Box, Inc. (NYSE: BOX), the leading Content Cloud, today announced that Lotte Corporation has adopted Box company-wide to enhance collaboration and communication as a key pillar of its Digital Transformation program. Box will help Lotte strengthen its information governance by enabling secure content collaboration both inside and outside the company.

Macro trends accelerated by the COVID-19 pandemic, required a more rapid change in working styles to meet the company’s ever-changing market and customer needs. In addition, to reach the next stage of business growth, it became necessary to fundamentally change its way of working. This included the need to increase information governance and security, to improve communication among employees, and to create an environment where operational efficiency and innovation could thrive.

To achieve this, Lotte retired its legacy, cumbersome, and costly IT systems, replacing them with a cloud-first infrastructure that can quickly respond to changes in the business. Lotte also developed a new IT system that supports its next phase of growth, with a particular focus on its collaboration and communication infrastructure.

Communication is fundamental to business growth and operational efficiency at Lotte, and it was essential to enable highly secure collaboration between business units. In addition to the company’s existing Chromebooks and Virtual Desktops, Lotte has now also adopted several microservice cloud technologies and integrated them with Box to develop a sophisticated infrastructure used across the entire company.

Furthermore, new work styles emerging in the post-pandemic world raise security concerns, such as unauthorized access to information. To enable the most advanced information governance and security for all its content, Lotte has chosen Box company-wide for cloud content management.

To continue to respond quickly to changes in the market and to meet customer needs, Lotte will advance its Digital Transformation program by increasing its use of Box and other best-of-breed integrated applications. This will improve its employees’ productivity and efficiency, and ultimately grow its global business.

About Box

Box (NYSE:BOX) is the leading Content Cloud that enables organizations to accelerate business processes, power workplace collaboration, and protect their most valuable information, all while working with a best-of-breed enterprise IT stack. Founded in 2005, Box simplifies work for leading organizations globally, including AstraZeneca, JLL, and Morgan Stanley. Box is headquartered in Redwood City, CA, with offices in the United States, Europe, and Asia. To learn more about Box, visit http://www.box.com. To learn more about how Box powers nonprofits to fulfill their missions, visit Box.org.

View source version on businesswire.com: https://www.businesswire.com/news/home/20210914005864/en/

Box Communications

Nobumasa Takeuchi

ntakeuchi@box.com

Source: Box, Inc.

FAQ

How has Box (NYSE: BOX) impacted Lotte Corporation's Digital Transformation?

Box has provided a company-wide collaboration platform that enhances communication and supports Lotte's Digital Transformation goals.

What IT changes has Lotte Corporation made with Box?

Lotte retired outdated IT systems and replaced them with a cloud-first infrastructure, integrating Box's services for improved efficiency.

What are the expected benefits of using Box for Lotte Corporation?

The expected benefits include improved information governance, enhanced collaboration, and increased employee productivity.

What challenges did Lotte face that led to adopting Box?

Lotte faced challenges in adapting to rapid market changes and increasing security concerns in a post-pandemic work environment.

When did Lotte Corporation start using Box's services?

The press release does not specify an exact date but indicates that the adoption is part of Lotte's ongoing Digital Transformation efforts.