Category Archives: Ross McKegney

Box eyes retail manufacturers, engineering, construction firms with Verold acquisition

Box is looking to bolster its pitch to niche verticals

Box is looking to bolster its pitch to niche verticals

Box has acquired Verold, a Toronto-based 3D modelling and WebGL specialist, in a bid to bolster its appeal to retail manufacturers, engineering and construction firms.

Verold, which was founded in 2010, offers WebGL-based 3D modelling technology that lets users preview and edit 3D content without much computational overhead.

As part of the acquisition Box will move to integrate Verold’s technology into its platform. Verold’s teams with also become Box employees.

“At Verold, we believe interactive 3D web content has the power to transform a wide range of industries and applications, from manufacturing to ecommerce, and we believe the tools to build the 3D web should be broadly accessible,” said Ross McKegney, chief executive officer of Verold.

“Box’s incredible success in building an enterprise content platform that already reaches 45,000 businesses presents a one-of-a-kind opportunity for us to bring the future of 3D content to millions of people around the world. We’re thrilled to be joining Box and can’t wait to get started,” McKegney said.

The cloud-based storage incumbent said the acquisition would enhance its ability to provide more solutions specifically tailored to various industries. Last year the company launched Box for Industries, a collection of Box offerings tailored to a range of niche verticals.

Box chief executive Aaron Levie discussed some of the drivers for the acquisition on the company’s blog, and hinted at where the next Box for Industries solutions might appear: “We’re finding that nearly every industry is experiencing information-driven transformation in unique ways, and the acquisition of Verold will allow us to go even farther than ever imagined.”

“Take for example a commercial construction contractor, faced with the challenge of collaborating on multiple projects at once with partners and contractors, or previewing detailed design drawings when in the field. Or an athletic wear retailer tasked with delivering the latest product design iterations across geographically dispersed teams. Being able to perform these workflows, right from a web browser, without having to download any additional software is a game-changing proposition in many industries,” he said.

The move comes just one month after Box’s latest acquisition. It recently purchased Subspace, a mobile security startup, for an undisclosed sum.