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Expanding internationally, Box ( BOX ) will team with IBM ( IBM ) and Amazon ( AMZN ) Web Services to offer large companies online data storage in Europe and Asia. Some governments have strengthened consumer privacy regulations by mandating that data be stored locally. AWS, part of e-commerce giant Amazon.com, and IBM will provide data center storage facilities to Redwood City, Calif.-based Box. IBM acquired data center operator SoftLayer in 2013. IBM and Box in 2015 partnered to develop new applications and jointly market products and services. The IBM relationship has enabled Box to target larger business deals, analysts say. The “Box Zones” service will initially offer multinational customers the option of local data storage in Ireland, Germany, Japan and Singapore. Box says that it may expand the service to “dozens” of countries . Box operates three data centers in Silicon Valley. Box stock edged up 1% in afternoon trading on the stock market today . Shares in the online data storage and file-sharing service provider’s stock have slipped 13% in 2016. Box has a low IBD Composite Rating of 27 out of a possible 99. The company vies with Microsoft ( MSFT ), though it’s now a partner for Office 365 products. It also counts as rivals Alphabet ’s ( GOOGL ) Google and privately-held Dropbox. Scalper1 News
Scalper1 News