Dropbox CEO Touts 150,000 Business Customers, Goes After Box - Bloomberg Business

A *Box/*Drive market snapshot

"The company added 50,000 paying business customers -- including News Corp. and Expedia Inc. -- in the past 10 months, Chief Executive Officer Drew Houston said at an event in San Francisco on Wednesday. He also announced a new product, called Dropbox Enterprise, targeted at large customers. Rival Box Inc., which held an initial public offering in January, has promoted itself as the top choice for large businesses.
Houston is bolstering efforts to woo more users amid growing competition in a crowded market that’s projected to reach almost $2 billion this year, according to IDC. Dropbox was No. 1 with a 24 percent share in 2014, followed by Microsoft Corp.’s 19 percent, the researcher said. Box Inc., Apple Inc. and Google rounded out the top five. Among business users, Dropbox has a slimmer lead with 22.7 percent, compared with Box’s 21.3 percent and Microsoft’s 21.1 percent, according to IDC."

Dropbox CEO Touts 150,000 Business Customers, Goes After Box - Bloomberg Business