Box and IBM Partner to Integrate AI in Enterprise Content Management

Box and IBM partner to integrate AI in enterprise workflows By Investing.com

REDWOOD CITY, Calif & ARMONK, N.Y. - Box, Inc. (NYSE: BOX) and IBM (NYSE: IBM) have announced a partnership aimed at accelerating the adoption of artificial intelligence (AI) in enterprise content management. Box will incorporate IBM's AI models, including open-source IBM Granite and the latest from Meta's Llama, into its Intelligent Content Management platform, Box AI. The collaboration is designed to help organizations unlock the value of their unstructured data, which makes up the majority of enterprise data and includes documents like contracts and spreadsheets. By leveraging AI for content-driven workflows, companies can automate processes such as data extraction and document processing, enhancing productivity and decision-making. With a steady revenue growth of 5% over the last twelve months and a beta of 0.96, Box shows relatively stable market performance. InvestingPro subscribers can access 10+ additional exclusive insights about Box's growth potential and market position. Box is also utilizing IBM watsonx.governance to internally manage the lifecycle of its AI models, ensuring compliance with regulations. Similarly, IBM is incorporating Box AI into its operations to improve employee productivity. Aaron Levie, CEO of Box, highlighted the transformative potential of AI in knowledge work, stating that AI can accelerate content-related processes exponentially. Rob Thomas, IBM's Senior Vice President, echoed this sentiment, emphasizing the need for purpose-built AI solutions for business. The partnership extends to IBM's use of Red Hat OpenShift for scalable AI application development, enabling Box to deploy AI-driven workflows efficiently across cloud environments. Box AI with IBM watsonx is now available to Box Enterprise Advanced customers and can be accessed via Box AI Studio and APIs. IBM, as an authorized reseller of Box products, will offer a seamless experience with its AI models to customers purchasing through IBM. Details about the partnership and the capabilities of Box AI with IBM watsonx will be shared at the upcoming IBM Think conference on May 5-8 and the Box Content + AI Summit on May 15, 2025. This news is based on a press release statement, which provides the information about the partnership between Box, Inc. and IBM to integrate AI into enterprise workflows. In other recent news, Box, Inc. has achieved FedRAMP High Authorization, allowing U.S. government agencies to manage highly sensitive data using its services. This authorization, granted by the U.S. Department of Veterans Affairs, highlights Box's compliance with stringent security standards, enhancing its position in sectors like law enforcement and healthcare. Additionally, DA Davidson has reaffirmed its Buy rating on Box with a $45 price target, citing the company's AI strategy and workflow automation solutions as key growth drivers. Citi also maintained a Buy rating but with a $39 price target, noting Box's focus on artificial intelligence and improved financial forecasts, including a 35-38% free cash flow margin. Raymond James continues to rate Box as Outperform with a $38 target, emphasizing the company's advancements in AI and its potential to enhance workflow automation. Box's strategic direction and technological innovations are seen as pivotal in maintaining its competitive edge and supporting long-term growth prospects.

Box stock rises following IBM partnership for AI-driven workflows By Investing.com

Investing.com -- Shares of Box, Inc. (NYSE:BOX) climbed 2.1% as the company announced an expanded partnership with International Business Machines (NYSE:IBM), which saw IBM stock also gain 1.6%. The collaboration aims to accelerate the adoption of artificial intelligence (AI) in enterprise-level content-driven workflows, leveraging IBM's watsonx and Box AI. Box has integrated IBM watsonx.governance into its internal operations to monitor and govern the life-cycle management of AI models, ensuring adherence to various regulations. This move is expected to help Box address risks and compliance obligations throughout the AI lifecycle, making AI-driven insights auditable and responsible. The partnership enables Box customers to employ Box AI with IBM watsonx to unlock the value of their enterprise content and data. IBM's enterprise AI studio, watsonx.ai, will provide a suite of models for Box AI, including the open-source IBM Granite models and the latest Meta (NASDAQ:META) Llama models. These tools are designed to facilitate data extraction, automated document processing, and content analysis, ultimately enhancing productivity and transforming operations. Aaron Levie, co-founder and CEO of Box, emphasized the significant impact of AI on enterprises, stating, "By deepening our partnership with IBM and leveraging watsonx, we're empowering enterprises to harness AI responsibly and at scale." Rob Thomas, Senior Vice President, Software (ETR:SOWGn) and Chief Commercial Officer at IBM, also highlighted the demand for purpose-built AI solutions that enable faster, data-driven decisions. Moreover, Box continues to utilize Red Hat OpenShift, a leading hybrid cloud application platform, to support scalable AI application development and deployment across cloud environments. Box AI with IBM watsonx is now available to Box Enterprise Advanced customers, with IBM serving as a Box authorized reseller. The partnership promises a seamless experience for customers purchasing Box products that include Box AI through IBM.

Box and IBM Partner to Bring New Enterprise-Level AI Models to Support Content Generation and Productivity

Box, Inc. (NYSE: BOX), the leading Intelligent Content Management (ICM) platform, and IBM (NYSE: IBM) today announced they are partnering to help organizations accelerate the adoption of enterprise-level AI for content-driven workflows using IBM watsonx and Box AI. Additionally, Box is using IBM watsonx.governance internally for life-cycle management of AI models to monitor, govern and provide guardrails for various regulations. The majority of an organization's data is often unstructured -- buried within contracts, spreadsheets, presentations and more. This data can be highly valuable for AI, but often highly sensitive. Building a trusted technology pipeline for AI to access this data can be essential for security and compliance efforts, particularly in highly regulated industries. Box customers now have the option of leveraging Box AI with IBM watsonx to help unlock the value of their enterprise content and data. The solution uses IBM's enterprise AI studio, watsonx.ai, to deliver a selection of models for Box AI - including the open-source, IBM Granite models and the latest Meta Llama models. Infusing AI capabilities into business process automation and content management can help organizations tackle a wide range of AI-driven use cases such as data extraction, automated document processing and content analysis. IBM is using Box AI with IBM watsonx within its own workforce today, and Box is now making this solution available to other enterprise customers. "The impact AI is having on the enterprise is unlike anything we've seen since the birth of the internet," said Aaron Levie, co-founder and CEO of Box. "Traditionally, knowledge work has been constrained by the time it takes to research, create and review content -- but AI changes that, accelerating these processes exponentially. By deepening our partnership with IBM and leveraging watsonx, we're empowering enterprises to harness AI responsibly and at scale." "Organizations are seeking purpose-built AI solutions that empower their teams to make faster, data-driven decisions," said Rob Thomas, Senior Vice President, Software and Chief Commercial Officer, IBM. "Our partnership with Box enables businesses to seamlessly integrate AI into their core processes, helping to enhance productivity and transform operations." Additionally, Box has deployed IBM watsonx.governance internally to help address responsible AI deployment across its model lifecycles, from development to production. It is designed to assist Box address risk, compliance obligations and the AI lifecycle, helping AI-driven insights remain auditable. Box also continues using Red Hat OpenShift, the industry's leading hybrid cloud application platform powered by Kubernetes, which enables Box to support faster, scalable AI application development and deployment across cloud environments, helping to deliver secured and efficient AI-driven workflows on pace with evolving enterprise needs and technological innovation. IBM has enabled Box AI with IBM watsonx to elevate employee productivity within its own workforce, providing them with seamless interaction directly with their Box content. With Box AI, IBMers experience how partners embed watsonx into their own solutions and bring IBM technology to clients across industry. Box AI with IBM watsonx is now available to Box Enterprise Advanced customers via Box AI Studio and Box AI APIs. IBM is a Box authorized reseller, and customers buying Box products that include Box AI through IBM will be equipped with IBM's flagship family of AI models built for business, enabling a seamless experience. Learn more about how Box AI with IBM watsonx will transform the way you work with your content at IBM Think, May 5-8 and Box's Content + AI Summit on May 15, 2025. About Box Box (NYSE:BOX) is the leader in Intelligent Content Management. Our platform enables organizations to fuel collaboration, manage the entire content lifecycle, secure critical content, and transform business workflows with enterprise AI. Founded in 2005, Box simplifies work for leading global organizations, including AstraZeneca, JLL, Morgan Stanley, and Nationwide. Box is headquartered in Redwood City, CA, with offices across the United States, Europe, and Asia. Visit box.com to learn more. And visit box.org to learn more about how Box empowers nonprofits to fulfill their missions. About IBM IBM is a leading provider of global hybrid cloud and AI, and consulting expertise. We help clients in more than 175 countries capitalize on insights from their data, streamline business processes, reduce costs and gain the competitive edge in their industries. More than 4,000 government and corporate entities in critical infrastructure areas such as financial services, telecommunications and healthcare rely on IBM's hybrid cloud platform and Red Hat OpenShift to affect their digital transformations quickly, efficiently and securely. IBM's breakthrough innovations in AI, quantum computing, industry-specific cloud solutions and consulting deliver open and flexible options to our clients. All of this is backed by IBM's long-standing commitment to trust, transparency, responsibility, inclusivity and service. Visit www.ibm.com for more information.