Reuters reported last week that Box, one of Dropbox's privately held competitors, had chosen bankers to lead a highly-anticipated initial public offering in early 2014. The announcement came on the same day Amazon unveiled a similar tool called WorkSpaces for large enterprises at an event in Las Vegas.Īmazon's announcement, which sent shares of the Seattle-based giant 2 percent higher on Wednesday, underscores the intensifying competition in the area of file-sharing across multiple computers and mobile devices. Administrators could also remotely wipe files from mobile devices connected to the corporate Dropbox.
The corporate Dropboxes, which are controlled by the user's employer's IT administrators, would also have additional security tools such as logs that track when files have been opened or moved. Dropbox, valued at $4 billion by venture capital investors, is viewed as a hot prospect for an initial public offering within the next two or three years.ĭropbox said Wednesday it would let users store files in separate accounts in order to separate their personal and professional lives. The upgrades reflect the changing business focus at Dropbox - one of the most closely-watched privately held Internet companies - toward becoming a file-sharing solution for corporate customer, a critically important and lucrative market.
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