Microsoft Corp. is leveraging a strong position in cloud computing and enterprise software to drive growth for Teams, its two-year-old enterprise collaboration tool, IT industry analysts and researchers say. Matthew Cochran, manager of IT at racing team Hendricks Motorsports, said Teams became an essential communications tool at the start of the 2018 season, when racing authorities limited the number of crew members on the racing track to a dozen. “The collaboration market is new enough that there is room for several players in the years ahead,” Mr. Kurtzman said. Slack Technologies Inc., launched in 2013, said it has 10 million daily active users, including 65 Fortune 100 firms and 85,000 paying customers—up 50% in the past year alone. Facebook Inc.’s Workplace, another rival in the enterprise collaboration space launched in October 2016, today has two million paid users, including more than 150 companies with over 10,000 users each, the company said.

Source: Wall Street Journal March 20, 2019 09:22 UTC