Box vs OpenText
Last updated: February 03, 2021
Box offers free cloud storage and file sharing services that enables you to securely share and access files online. Companies rely on Box because it's secure, works on any device and scales to meet the needs of small businesses and Fortune 500 companies.
OpenText products help organizations put content to work. Whether your goal is to drive revenue, improve productivity, reduce costs or ensure regulatory compliance and sound information governance, OpenText has the product to execute.
Box vs OpenText in our news:
2021. Box acquires eSignature startup SignRequest for new content workflows
Box announced this morning that it has agreed to acquire e-signature startup SignRequest for $55 million. The acquisition gives the company a native signature component it has been lacking and opens up new workflows for the company. While Box has partnerships with other e-signature vendors, this gives it one to call its own, one that will be built into Box starting this summer. As we have learned during this pandemic, the more work we can do remotely, the safer it is. Even after the pandemic ends and we get back to more face-to-face interactions, being able to do things fully in the cloud and removing paper from the workflow will speed up everything.
2020. Box adds new collaboration capabilities
Box is adding some new collaboration functionality in face of pandemic. For starters, they are offering a cleaner interface to make it easier for users to interact with and share files. They are also helping users organize those files with a new feature called Collections, which lets them group their files and folders in ways that make sense to them. This is organized on an individual basis. Next, they are adding an annotations capability that makes it easy to add comments either as a single editor or in a group discussion about a file. Think Google Docs collaboration tools, but for any document, allowing an individual or group to comment on a file remotely in real time, something many folks need to do right now. Finally, external partners and customers can share files in Box from a special landing page.
2020. Box adds automated malware detection to Box Shield security product
Box announced it was adding automated malware detection tools to Box Shield, the security product it announced last year. The company is taking a three-pronged approach with this solution. For starters, it will let users view a file without actually having to download it first, while indicating if there is a risk associated with it. Next, it will actually prevent users from downloading a file with malware attached. Lastly, it will alert the security team when a file with malware has been uploaded to Box.
2018. Box acquired workflow automation startup Progressly
Box purchased Progressly, a startup that focuses on workflow. In 2016 Box launched own workflow tool called Box Relay along with a partnership with IBM to sell it inside large enterprises. It's useful for well defined processes inside a company like contract management or employee on-boarding, but Box wanted to expand on that initial vision to build additional types of workflows. The Progressly team will help them do that. It should allow Box to build workflows that not only run within Box, but ones that can integrate and intersect with external workflow engines like Pega and Nintex to build more complex automation in conjunction with the Box set of tools and services. This could involve both internal employees and external organizations and moving content through a much more sophisticated workflow than Box Relay provides.
2017. Box applied AI to content management
Box has just unveiled Skills and the related SDK, Skills Kit. With these new offerings, organizations and developers now have the ability to pull insights from their massive content stores in Box data sets and apply machine learning to release the intrinsic commercial value in that content. Box is previewing three initial Box Skills, using machine learning tools from Google Cloud and Microsoft Azure to solve common business use cases: Those use cases include: Image recognition (detecting individual objects and concepts in image files, capturing text through optical character recognition (OCR), and automatically adding keyword labels to images to easily build metadata on image catalogs), Audio Transcription & Analysis (uses audio files to create and index a text transcript that can be easily searched and manipulated in a variety of use cases), Video Indexing (analyzes video files to provide text transcription, topic detection and indexing, and facial recognition).
2017. OpenText acquired forensic security vendor Guidance Software
Content management company OpenText acquired Guidance Software, a forensic security and eDiscovery vendor for $240 million. OpenText has never been afraid to open its wallet to fill in a hole (or even buy something with overlapping functionality). As a case in point, just about a year ago, it bought Documentum, alternative enterprise content management firm, from EMC for $1.62 billion. This acquisition gives the company some overlapping functionality too, but Cheryl McKinnon, an analyst with Forrester Research who monitors the content management industry, says it also gives the company forensics tools, which are new to them.
2017. Box introduced Box Elements - pre-packaged content services for developers
Box introduced a new developer tool Box Elements, pre-packaged application pieces designed to deliver Box functionality with a few lines of code. Eventually there will be three types of Elements: UI, app and services. Today, the company is launching the UI pieces, which include Content Uploader, which lets developers add drag and drop file capability into any application; Content Explorer, which lets developers insert Box file navigation in any application; Content Preview, which lets developers display any of 120 different file types inside an application including interactive video; and Content Picker, which enables developers to insert file picking capability inside an application. While none of these sound like earth-shattering capabilities, each one would require a fair amount of development time to build from scratch. What Box is offering here is the ability to implement them quickly with little or no content expertise required.
2017. Box introduced desktop app Box Drive
Box unveiled Box Drive, a desktop application that works on Windows and MacOS. Users will be able to credit, edit, find and share files without pulling up a web browser. The desktop app makes it easier to access the cloud because it creates just another drive on your computer like your C drive, so inherently you’re interacting with your local file experience. The app itself is free, but large enterprises like General Electric, P&G and The Gap pay Box for added functionality. Existing customers will have access to the full range of Box Drive capabilities. Earlier this month, Box announced integration with Apple’s new Files app. It will be another way to access Box documents across iOS devices.
2016. OpenText acquires Documentum for $1.62 billion
OpenText is acquiring Dell EMC's enterprise content division, including Documentum for $1.62 billion. Under the terms of agreement, the software, associated services and employees of ECD will be integrated into OpenText. The deal comes less than a week after EMC officially became part of Dell. EMC’s content management business did not fit into that mix. EMC acquired Documentum in 2003 for $1.7 billion. Documentum was always an odd fit for EMC and it was no secret that EMC has been trying for the last few years to find a buyer for Documentum. The acquisition further strengthens OpenText as a leader in Enterprise Information Management, and OpenText is now taking on IBM (FileNet) head to head.
2016. OpenText acquired Recommind
Just a week after OpenText announced that it was selling off $600 million worth of senior debt notes to fund future acquisitions, the company dropped $163 million to acquire Recommind, an e-discovery and information analytics provider. Recommind provides a Software-as-a-Service (SaaS) platform and managed services solutions that include Axcelerate for e-discovery review and analysis, Perceptiv for contract analytics and Decisiv for enterprise-wide information access. OpenText officials said the e-discovery capabilities will complement their enterprise information management (EIM) solutions. Recommind will also expand OpenText's expertise in cloud and analytics.