Box CEO Sees More Acquisitions, Expanding Financial Services Products

Box (BOX) CEO Aaron Levie says he’s on the hunt for acquisitions in security, collaboration or young companies that can add entrepreneurial talent to the growing company. Levie said, ‘It’s a really great way to boost our entrepreneurial talent and also advance our product roadmap, I would say that you’ll continue to see acquisitions like the ones we’ve done this year but also those we’ve done in the past.’ Right now, Box is focused on building out its financial services suite of products. ‘We have FINRA compliance, we have watermarking, we have a new encryption technology that lets customers manage their own encryption keys. We’re going to build out a salesforce and a set of partnerships that are really oriented around the financial services eco system.’ Levie said he expects Box to be cash flow positive in the next two years but his main priority right now is building a company which he says will compete in an industry that could potentially be worth ‘tens of billions of dollars.’ TheStreet’s Rhonda Schaffler has details from the Milken Global Conference in Los Angeles.