Box hands over encryption keys to IT with new management option

Box's Enterprise Key Management solution is currently in patent-pending mode.

Box is dangling some extra keys in front of IT administrators with a new cloud encryption management option.

Launching in beta mode, the cloud company is adding Enterprise Key Management (EKM) to its list of extra available security measures.

Box EKM is being aimed toward companies that want to be on the safer, if not more stringent side of data management security with more control in their grasp.

Essentially, businesses on the Box platform can take advantage of the option of managing their own encryption keys and audit logs with complete single-tenant control.

Box EKM is scheduled to be boosted to general availability by this spring, and customers can subscribe to the service for an additional price based on deployment size.

Box's Enterprise Key Management solution is also currently in patent-pending mode.

The EKM debut marks the second major product development news since the Los Altos, Calif.-headquartered company went public on the New York Stock Exchange last month.

With 12.5 million shares for sale, the stock opened at just over $20 a pop after the opening bell, well above the $14 final price pegged late on Thursday. Within the first few hours of trading, shares were already selling for more than $21.

Shortly thereafter, Box upgraded its word processing app Notes with more features designed to encourage sharing and building on ideas among corporate teams in real-time.

First unveiled at BoxWorks in September 2013, Box Notes officially launched last in June as a more informal method for cloud-based collaboration in the workplace.

Box further promised that users will be able to embed images by using the camera on an iPhone or iPad as well as directly from the photo library soon.

Image via Box