The reduced price tags are already available for new and renewing customers

Mar 15, 2012 15:06 GMT  ·  By

Microsoft is slashing the price tag of the Office 365 product for its enterprise customers, while also expanding the product’s reach to more markets around the world. The company’s service has seen incredible response from customers, and is benefiting from increased adoption in all markets where it has already been launched.

Office 365 was released last summer, and has been adopted by companies such as JetBlue, Patagonia, Campbell Soup Company, Groupe Marie Claire, and Tata Steel Europe, among many others.

Recently, the service has been launched in 22 more markets around the world, and Microsoft plans on releasing it in some more soon. Following this expanded availability, the product is also cheaper than before, the Redmond-based software giant announced.

“We're regularly delivering new value in the service, releasing updates now monthly, and recently brought Office 365 to another 22 new markets to grow our global footprint to 64 geographies - with more to come,” Kirk Koenigsbauer from the Microsoft Office Division notes in a blog post.

“As we rapidly add customers, the cost to run Office 365 becomes more efficient. This is the beauty of the cloud where we can deliver economies of scale through our worldwide data centers and economies of skill with our engineers, administrators, and support teams operating the service.”

The cost for most of Microsoft’s Office 365 for enterprise plans has been slashed by up to 20 percent, the said blog post continues.

Through these lower prices, which have been effectively made available immediately, Microsoft is looking to attract even more customers to its service.

“We are also excited to make pricing changes to Office 365 for education. In line with our longstanding commitment to education, we will make our "A2" service plan free to not only students, but also to faculty and staff,” the said blog post continues.

“A2 includes the core capabilities of Exchange, SharePoint, and Lync and the Office Web Applications. Exchange Online and Lync Online are available today for academic institutions, and we'll launch the full Office 365 for education service starting this summer.”