Microsoft launched a new standalone version of Teams for small companies on Wednesday morning, the primary paid model of its communication and collaboration service to be provided individually from different Workplace apps and providers.
Shares of Zoom Video Communications closed down greater than 6% after Microsoft’s announcement, and RingCentral inventory dropped 8%, signaling Wall Road’s tackle the potential risk to these competing providers.
Microsoft Groups Necessities costs $4 per user/month, with limitless group conferences that may final so long as 30 hours every, up to 300 contributors per assembly, and 10GB of cloud storage per consumer, as well as to buyer assist, file sharing, process assigning instruments, polling, and knowledge encryption.
The pricing undercuts a $14.99 per user/month entry-level paid service from Zoom and a $19.99 per user/month “essentials” service from RingCentral, as noted by Barron’s in its coverage of the launch.
Microsoft Teams launched in 2017 and has grown considerably in the course of the pandemic. Microsoft stated in July that Groups had reached 250 million month-to-month energetic customers, up from 145 million in April, primarily in enterprise and work settings.