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Microsoft has released a new update today to Microsoft Office 365 which brings a number of enhancements and features, including Real-Time Collaboration!

The Real-Time Collaboration update allows co-authoring of Office 365 Word, Excel and PowerPoint documents which are stored within Microsoft’s SkyDrive Cloud Storage.

The new collaboration tools bring Office 365 more in line with Googles suite of applications helping Microsoft compete more evenly at feature level.

In addition Yammer Enterprise is now included with all versions of Office 365 Enterprise

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