Tervela

About Tervela

Tervela Inc. was established in 2004 by founders Kul Singh and J. Barry Thompson, initially focusing on information technology services. The company began by developing hardware-accelerated messaging systems aimed at data-intensive organizations like investment banks and hedge funds, designed to speed up data movement within applications and alleviate information bottlenecks in data centers. A significant milestone was the introduction of the first hardware-accelerated messaging switch in 2007. By 2009, Tervela had expanded its product line to include scalable middleware capable of handling millions of messages per second and had raised $18 million in a Series D funding round led by investors such as Goldman Sachs.

As the market shifted towards cloud services, Tervela pivoted its strategy. In 2015, the company began offering cloud-based services to facilitate data and user content migration from on-premises servers to the cloud. This evolution led to the development of Cloud FastPath, a software-as-a-service (SaaS) platform designed for automated and high-speed data migration. Cloud FastPath enabled businesses to transfer large volumes of content, including files, metadata, and permissions, to various cloud platforms securely and efficiently. The platform's features included pre-migration analytics, WAN optimization, automated user and permission mapping, and detailed post-migration reporting. This service catered to midsize and large enterprises looking to consolidate data centers, replace file servers, or move from legacy Enterprise Content Management systems.

The success and capabilities of Cloud FastPath culminated in the acquisition of Tervela by Box, Inc. in February 2021 for approximately $14.8 million. Prior to the acquisition, Box had already been utilizing Tervela's technology for its own migration service, Box Shuttle. The integration of Cloud FastPath's technology enhanced Box Shuttle, allowing for seamless migration from over 15 sources, including both on-premises and cloud systems like SharePoint, OneDrive, and Google Drive. The revamped Box Shuttle now provides self-service options, advanced configuration, and robust reporting, centralizing content management for its clients by moving petabytes of data into the Box Content Cloud.