Box co-founder and CEO Aaron Levie on Tuesday took a swipe at Microsoft (MSFT), one of his company's main competitors in the cloud-based collaboration software market space.

During a cloud leadership panel at the Ingram Micro (IM) 2014 Cloud Summit in Hollywood, Fla., Levie promoted the Box platform to more than 1,000 channel partners in attendance by comparing it to Microsoft SharePoint.

"We’re sort of like Microsoft SharePoint done right," Levie said.

Levie also expressed how important it is for channel partners to be able to adapt to changes in the market -- instead of being devoted to a particular technology trend or paradigm.

Box officially announced in April that it filed a $250 million initial public offering (IPO) with the U.S. Securities and Exchange Commission (SEC).

In its S-1 filing, Box declared EMC (EMC), IBM (IBM), and Microsoft Office 365 and SharePoint as its main competitors in the enterprise content collaboration space.

Box's IPO filing has paved the way for other solutions in the space, including Huddle, a cloud-based collaboration and content management company.

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