Technology

Box and Microsoft Team Up for New Cloud Integrations

Chris Lange

Published: January 27, 2016 1:05 pm

Last Updated: January 13, 2020 2:30 pm

Box Inc. (NYSE: BOX) and Microsoft Corp. (NASDAQ: MSFT) are teaming up to enable seamless collaboration across devices and platforms in the cloud. Ultimately, this will support new integrations with Microsoft Office Online, iOS and Outlook.

These new enhancements are the latest way that Box and Microsoft are working together in an effort to transform enterprise collaboration in the cloud. In the past year, Box was an early member in the Microsoft Cloud Storage Partner Program. It introduced a new application for Windows 10 as well as integrations with both Office for iPad and iPhone. Prior to this, Box debuted integrations with Office 365 on the desktop and Outlook for iPhone and iPad applications.

Box and Microsoft are now offering:

• Box for Office Online with real time co-authoring: Users can make concurrent, real time edits to content secured in Box including Word, Excel and PowerPoint files. The most collaborative editing experience from Microsoft yet offers a seamless user experience, as changes from all parties are saved back to Box automatically.
• Box integration with Office for iOS: Building on the ability to preview content in Box from Office for iOS applications, for the first time users can create and edit Office files saved in Box directly from Microsoft Word, Excel and PowerPoint apps for iOS.
• Box integration with Outlook.com: Joint customers will be able to seamlessly attach content in Box to emails in the new Outlook.com, replacing the need to save items to a desktop before attaching to an email, and enabling secure email collaboration that’s fully in the cloud.

We designed the Cloud Storage Partner Program to make it easier for people, including Box customers, to work with Office documents no matter where they’re stored. Today we are making major enhancements to better enable our joint customers to work and collaborate fully in the cloud from any device.

Shares of Box were trading at $9.86 on Wednesday, with a consensus analyst price target of $19.50 and a 52-week trading range of $8.82 to $21.84.

Microsoft shares were at $52.10, within a 52-week range of $39.72 to $56.85. The consensus price target is $58.00.