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Acquisition

Box acquires Progressly to drive business process transformation

Box acquires Progressly

Box Inc., the leading content management platform provider, has acquired Progressly, a startup that focuses on improving workflow.

Founded in 2013, Progressly provides Operational Performance Management platform for workflow automation that helps in coordinating people. Using the platform, enterprises can create workflows to standardize the activities that involve the workforces.

In the era of digital transformation, businesses can’t rely on legacy applications and manual processes. Half of the employees in organizations spend 50% of their time in doing manual and repetitive tasks. By acquiring Progressly, Box aims to help companies create digital workplace, automate the workflow, and transform the business processes.

Box already provides automation services like Box Relay that helps enterprises in automating the structured and repetitive processes like onboarding new employees or approving contracts. The acquisition will strengthen the existing automation capabilities of Box.

“The team from Progressly will allow us to play a bigger role in how Box customers digitize and automate business processes. The team will also work to further empower our customers to use the metadata and intelligence investments we announced last October in new and innovative ways,” wrote Box in a blog post.

As a part of the acquisition, all the 12 team members of Progressly will join Box. The team will be led by Nick Candito, the founder and CEO of Progressly. The financial terms of the deal were not disclosed.

Also read: Microsoft snaps up conversational AI startup Semantic Machines

“By teaming up, we’ll be able to drive seamless and powerful business process transformation for some of the largest and most successful brands in the world,” said Nick Candito. “I’m humbled by the opportunity to continue to lead such a great team and thankful for all those — past and present — who have helped shape Progressly’s story over the years. We are forever grateful to our customers, investors, advisors, teammates, and families.”

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