Well, it sure seems like a bargain with a $1.6b market cap and ~$400m in ARR!!
At a minimum, if PE bought out Marketo, Cvent and others, as Box continues to generate positive cash flow, I’d have to think Box, coming up on $500m in ARR, is the biggest bargain in the space.
But, I can only assume the founders don’t want to sell. Box is growing nicely and is no longer burning cash. There’s a lot of “option value” in holding. I wouldn’t sell myself, unless I was tired. And the founders are young and driven.
So I think the suitors will be several, but the odds are low.
It’s early. Let’s check back at a billion or so in ARR.
