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					              Teambox Achieves Record Growth in First Half of 2012

      Teambox grows customer base by 350 percent
      Appoints Dan Schoenbaum as CEO; lands high-profile angel investors from
       Facebook, Zynga and others
      Enters hot “notes” market; integrates with Box, Dropbox and Google Docs

PALO ALTO, Calif. – Aug. 7, 2012 – Teambox, the cloud-based company redefining
collaboration and business communications, today announced record growth for its first
half of 2012. The growth was fueled by new product innovations, strategic integrations
and funding. Teambox boosted monthly recurring revenue 175 percent year over year
(Q2 2012 over Q2 2011), and 45 percent quarter over quarter (Q1 2012 over Q2 2012.
Today, Teambox also announces the appointment of Dan Schoenbaum to CEO to drive
the company’s operational and strategic direction.

As global businesses – both large and small – are increasing, more and more
employees of global businesses are working remotely. This new reality has forced
organizations to find solutions that enable companies to collaborate from afar, which is
helping fuel Teambox’s rapid company growth. Teambox meets this demand by offering
the industry’s first collaboration platform that enables organizations to integrate file
sharing services and Web-based applications, all into a single place. This product is an
easy-to-use, comprehensive solution that is transforming business collaboration.

Record Quarter Spurred by Product, Partnership and Corporate Milestones

Partnership Milestones
    Teambox has worked closely with Box and Dropbox to seamlessly integrate file
      sharing into Teambox’s 4 platform. This new capability – which also includes
      support for Google Docs – provides customers, including Southwest Airlines,
      Hunter Douglas, Salvation Army and AT&T, with secure content sharing and full
      collaboration capability, in one centralized place.

Product Milestones
    Changing business needs and social factors have increased customer demand
      for collaboration solutions. Teambox is meeting this demand by delivering
      enterprises, through small-and-medium-sized organizations, the most
      comprehensive collaboration platform available today. Teambox 4 combines
      best-of-breed, single point solutions into one platform, enabling businesses to
      manage tasks, share files and communicate across teams.
Corporate Milestones
    Teambox’s unique solution and rapid company growth has garnered the attention
      of several high-profile angel investors, including Data Collective, a leading early
      stage venture fund (Facebook/Zynga Investors), Julia and David Popowitz
      (Facebook/CSFB), the José Manuel Entrecanales Fund, and David Beyer, CEO
      of Spinakkr.

      Dan Schoenbaum joins Teambox as new CEO. Schoenbaum is a seasoned
       executive with more than18 years of experience in leading teams and growing
       companies in the software industry. Prior to Teambox, Schoenbaum served as
       COO and Chief Business Development officer at Tripwire, where he was
       responsible for Marketing, R&D, Cloud Products and Business Development.
       Before Tripwire, he was Chairman of Mergers & Acquisitions and VP Strategy at
       Compuware Corporation, where he drove the company’s M&A strategy.
       Schoenbaum was also responsible for creating an $800M product line at Mercury
       Interactive Corporation (acquired by HP for $4.6B).

      Teambox has experienced a strong trend toward longer-term deals with an
       increasing amount of larger accounts. In Q2 alone, Teambox added more than
       400 new paying accounts, bringing a total of over 900 paying accounts to date.
       Among the new customers are Groupon, Tommy Bahama, Danone, Kelly
       Services and Square.

Comments on the News
“From day one, Teambox has been determined to develop a solution that enables
businesses to end painful onsite implementations and maintenance of enterprise
solutions, and immediately start to work differently to get more done,” said Dan
Schoenbaum, CEO of Teambox. “The record growth we’ve experienced over the first
half of 2012 is a true testament to our commitment to invest in our solution, customers
and company. We look forward to continuing to dedicate resources toward product
innovation, strategic partnerships and customer service to bring teams together from
afar in an efficient and effective manner.”

“Our partners have helped create, have invested in or have been a heavy user of many
collaboration tools over the years, from the very first multi-platform email systems to
Lotus Notes, Microsoft Sharepoint, Facebook to Twitter. Teambox was the first such
platform that was so compelling that our partnership became both committed to the
platform and to the company as investors within a matter of weeks,” said Matt Ocko, Co-
Managing Partner of Data Collective, a leading early stage IT venture capital firm.

Tweet This: @teambox_app announces record growth, team collaboration customer
gains for its first half of 2012 bit.ly/NeZc1B

Supporting Resources
    Teambox online press kit: http://info.teambox.com/Press-Kit.html
   ● Teambox website: http://teambox.com/
   ● Teambox free product download: https://teambox.com/signup
   ● Teambox customer testimonials: http://teambox.com/case-studies/
   ● Teambox webinars: http://teambox.com/webinars/
   ● Follow Teambox on Twitter: https://twitter.com/teambox_app
About Teambox
Teambox is redefining communications and collaboration for companies of all sizes –
from small-to-medium businesses to global enterprises. Based in the cloud, Teambox 4
is a platform of lightweight applications for collaboration, task management and file
sharing. Teambox brings many capabilities together, into one, cohesive environment
enabling businesses to communicate, collaborate and streamline work processes.

Teambox is the only vendor enabling organizations to integrate their own file sharing
services and web-based applications and become a single “dashboard” to run all
business communications.

Founded in 2008, Teambox is privately held and headquartered in Barcelona, Spain with
U.S. headquarters in Palo Alto, California.

                                          ###

Media Contact:
Cathy Wright
Kulesa Faul for Teambox
(650) 340-1985
cathy@kulesafaul.com

				
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posted:9/10/2012
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