Panasonic Chooses Box as its Content Collaboration Platform

Rhea-AI Summary

Box, Inc. (NYSE: BOX) has partnered with Panasonic Information Systems to enhance its Digital Transformation through advanced cloud content management. This collaboration aims to improve business efficiency by enabling sophisticated sharing and mobile access to large files. Panasonic is moving away from traditional processes, like email attachments, to a secure and intuitive platform powered by Box. This shift will facilitate better collaboration across various ecosystems, ensuring data security and robust governance as Panasonic continues to embrace modern cloud solutions.

Positive

• Partnership with Panasonic enhances Box's market presence.
• Improved collaboration capabilities for Panasonic through Box's secure platform.
• Facilitates mobile access and sharing of large files, boosting productivity.

Negative

• None.

Box accelerates Panasonic’s Digital Transformation; improves simple and secure access to information; enables all-new ways of working

TOKYO--(BUSINESS WIRE)-- Box, Inc. (NYSE: BOX), the leading Content Cloud, today announced that Panasonic Information Systems Co., Ltd. has adopted Box for simple and secure cloud content management, and for collaboration with its expanding ecosystem.

As Digital Transformation accelerates, Panasonic needed to enable cloud nativity, and power faster service development to create a more productive work environment. Additionally, Panasonic needed to share information and collaborate across multiple supply chains and ecosystems, both inside and outside the company. This challenge included working on large files, and there was a growing need for mobile access to content.

To achieve the next step in Digital Transformation in a secure way, the company moved away from legacy processes – for example, email attachments and printed documents – and fundamentally renewed its infrastructure and processes with Box. These changes have helped to improve business efficiency by enabling sophisticated sharing capabilities and enhanced access to information.

Panasonic has integrated each of its cloud services built on Box into microservices and implemented a platform that can handle large files, including on mobile devices, with robust security and intuitive functionality.

External content sharing is now simpler and more secure than ever. Specifically, today it is possible to drag and drop files and easily direct them to their appropriate destinations via integrated microservices. When files are shared through Box, they are scanned for viruses and malware, furthermore, email attachments have now been replaced by a link to the content in Box. And because all activity in Box is tracked and logged, the data collected can be used for audits, further strengthening information security and governance across the company. Panasonic will continue to leverage modern cloud services and leading technology to promote Digital Transformation, strengthen collaboration with its expanding businesses and ecosystems, and provide a platform that contributes to global business growth.

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/20211116006442/en/

Box PR:

Nobumasa Takeuchi

press@box.com

Investor Relations:

Cynthia Hiponia / Elaine Gaudioso

650-209-3467

ir@box.com

Source: Box, Inc.

FAQ

What recent partnership did Box announce?

Box announced a partnership with Panasonic Information Systems to improve digital transformation through cloud content management.

How will Box's platform benefit Panasonic?

Box's platform will enhance Panasonic's collaboration capabilities and provide simple, secure access to large files.

What are the key features of the Box platform?

The Box platform offers sophisticated sharing capabilities, mobile access, and robust security for content management.

What is the significance of this partnership for Box's stock?

The partnership with Panasonic is likely to strengthen Box's position in the market and could positively influence its stock performance.