Shares of both
Zoom Video Communications
And RingCentral was trading lower on Wednesday when Microsoft announced a new version of its Thames corporate communications suite that was specifically targeted at small businesses.
This service includes video calls, group chats, file sharing and calendaring.
Teams Essentials is the first version of the software to be offered as a stand-alone service separate from Microsoft’s Office 365 software suite. At $ 4 per month for each user, the service includes up to 30 hours of group meetings for up to 300 people and 10 GB of cloud storage for each user.
(Ticker: MSFT) is positioned to make the new version of the software easier to use: Teams do not need to be installed to attend meetings, this software is compatible with Google Calendar as well as Microsoft Outlook. Integrated, and included like the company’s Slack. Chat software
“We know how difficult the last 20 months have been for small businesses,” said Jared Spatro, who now holds the position of Corporate VP of Modern Work at Microsoft. (His LinkedIn page still calls him Corporate VP for Windows 365.) Be able to reach the destination. “
(ZM) charges صارف 14.99 per month per user up to nine licenses for its entry level service, with the same 30 hour limit on meetings but with a limit of 100 participants. Zoom offers 1 GB of cloud storage for each license, one-tenth of which Microsoft teams include. The company’s small business offer costs. 19.99 per month for each licensee.
RingCentral’s “Requirements” plan costs 20 19.99 per month for up to 20 subscribers for messaging and phone service, or $ 27.99 per month with video conferencing. (Voice calls are not included in Thames Essential.)
(RNG) charges $ 11.99 per month for its standstone video pro service.
Jia Kumar, Chief Marketing Officer, Ring Central, responded by saying that the new version of Thames would compete with the free version of Ring Central’s software. “Small business is the heartbeat of the United States, and we’ve been providing these businesses with a completely free video and messaging service since last year,” he said. “Our free solution, Color Central Video Pro, also offers more features such as live transcription, recording, presentation modes, and all the capabilities that small businesses need to effectively connect with their customers and grow their business. . “
Zoom did not immediately respond to a request for comment.
Shares of Microsoft fell 0.2 percent to 30 330.08 on Wednesday. Zoom fell 6.4% to .7 197.71, while Ring Central fell 7.7% to $ 199.40. Of
While it fell 1.2 percent
Dow Jones Industrial Average
Fell 1.3 percent.
Write to Eric J. Savitz at email@example.com.