Microsoft will purchase out current cloud storage contracts for patrons switching to OneDrive for Enterprise


Microsoft is concentrating on its cloud storage rivals together with Dropbox, Field, and Google right this moment by providing to basically purchase out clients’ current contracts in the event that they make the change to OneDrive for Enterprise. The corporate says that clients at present paying for certainly one of these aggressive options, can as an alternative choose to make use of OneDrive totally free for the rest of their contract’s time period.

The objective right here is to draw clients who have been fascinated with attempting out OneDrive for Enterprise, however are locked into different companies.

The provide, which runs beginning right this moment by June 30, is just not open to only anybody, nevertheless.

As a substitute, Microsoft is particularly concentrating on enterprise clients with this deal, because it requires the enterprise make a minimal 500 consumer dedication to OneDrive. Additionally they can’t be an current buyer of OneDrive or Workplace 365.

Microsoft right this moment has a variety of bigger clients for its cloud storage and sync answer. Final yr, OneDrive storage and file sync tripled, says Microsoft, and it now has over 350,000 companies and organizations utilizing its software program. This contains corporations like Lowe’s, Accenture, DBS Financial institution, Rackspace, and others.

The transfer to go after rivals’ largest clients comes shortly after a kind of corporations, Dropbox, has confidentially filed for an IPO, based on Bloomberg final month. Dropbox has a powerful client base on its platform, with a complete of 500 million customers, however has 200,000 companies, as of August 2017.

Field, in the meantime, has 80,000 paying clients throughout enterprise and authorities, it stated throughout its Q3 earnings in November.

Microsoft isn’t simply counting on presents like this one to entice clients to change.

The corporate additionally introduced a variety 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 known as Recordsdata Restore; and expanded capabilities, together with real-time co-authoring of Workplace recordsdata and drag-and-drop, on iOS.

Along with the contract buy-out, Microsoft is making migration help, documentation and extra obtainable by FastTrack, it says.

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