Box (BOX, Financial) provides software solutions that help businesses transition to the cloud with services such as enabling collaboration between groups, managing access to sensitive data and helping secure against threats, to name a few. As the complexity of Box’s solutions has grown, so has the selling process for its sales force, and investors have grown impatient as new sales bookings have recently slowed. We believe the slowdown is temporary. Box’s market opportunity is huge, and we believe they’re on the right path to capture it.
From Wallace Weitz (Trades, Portfolio)'s first-quarter 2019 Partners Opportunity III Fund shareholder letter.
