Cloud storage companies invented a better way to manage information because employees need “anytime, anywhere” access to data. Hundreds of millions of users have adopted these services, putting pressure on IT departments to find solutions that meet these new user expectations.
So can the public cloud providers do it profitably at a price companies are willing to pay? Based on recent Box financials and an analysis by Tomasz Tunguz of Redpoint Ventures, the answer would appear to be a resounding “no”. In addition to losing an astonishing $168 million on $124 million in revenue, Box does not seem to be performing well when compared to 40 publicly traded SaaS peers nine years after they were founded:
Box's profitability in year 9 of its life is -136%. No other comparable company comes close with Rally in second place at -53%.
Box's burn rate is twice as large as the next comparable firm and nearly 10x the average.
Box spends about 137% of their revenue on sales and marketing which is 3x the average across all other publicly traded SaaS companies.
Transporter Offers What IT Needs and Users Want.
You can download the full white paper of the Top 12 Key Advantages of Transporter over Box, but here are a few highlights:
Transporter is built on a financially sustainable architecture.
Transporter delivers the Dropbox experience users want.