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Microsoft will buy out existing cloud storage contracts for customers switching to OneDrive for Business


Microsoft is focusing on its cloud storage rivals together with Dropbox, Box, and Google at present by providing to basically buy out customers’ existing contracts in the event that they make the change to Onedrive for Business. The firm says that customers presently paying for one of those aggressive options, can as a substitute decide to use OneDrive for free for the rest of their contract’s time period.

The aim right here is to appeal to customers who have been concerned with attempting out OneDrive for Business, however are locked into different companies.

The provide, which runs beginning at present by way of June 30, is just not open to simply anybody, nevertheless.

Instead, Microsoft is particularly focusing on enterprise customers with this deal, because it requires the enterprise make a minimal 500 consumer dedication to OneDrive. They can also’t be an existing buyer of OneDrive or Office 365.

Microsoft at present has quite a lot of bigger customers for its cloud storage and sync answer. Last 12 months, OneDrive storage and file sync tripled, says Microsoft, and it now has over 350,000 companies and organizations utilizing its software program. This consists of corporations like Lowe’s, Accenture, DBS Bank, Rackspace, and others.

The transfer to go after rivals’ largest customers comes shortly after one of these corporations, Dropbox, has confidentially filed for an IPO, in accordance to Bloomberg final month. Dropbox has a robust shopper base on its platform, with a complete of 500 million customers, however has 200,000 companies, as of August 2017.

Box, in the meantime, has 80,000 paying customers throughout enterprise and authorities, it mentioned throughout its Q3 earnings in November.

Microsoft isn’t simply counting on gives like this one to entice customers to change.

The firm additionally introduced quite a lot of new options and capabilities for OneDrive at its Microsoft Ignite convention final fall. Since then, it has rolled out upgrades like safe exterior file sharing; a files-on-demand characteristic that doesn’t use native disk area; multi-geo capabilities for multinational organizations; a self-service restoration answer referred to as Files Restore; and expanded capabilities, together with real-time co-authoring of Office information and drag-and-drop, on iOS.

In addition to the contract buy-out, Microsoft is making migration help, documentation and extra obtainable by way of FastTrack, it says.


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The post Microsoft will buy out Existing Cloud storage contracts for customers switching to OneDrive for Business appeared first on News Doses.



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