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Looking to cut costs, improve efficiency, drive productivity among employees and even streamline business communications overall? Turn to Office 365, a cloud-based solution designed to enhance all aspects of collaboration, whether your organization is big or small.

This week in the space, Infraware unveiled a special promotion of its popular Polaris Office 365 app, for only $9.99. Available for Mac OS users, this innovative application enables individuals to view, create and make edits to Microsoft (News - Alert) Office documents from virtually anywhere at any time. It encompasses PowerPoint and Excel and supports the following file types: .doc and .docx word documents, .xls and .xlsx spreadsheets, .ppt and .pptx presentations, .txt documents and PDFs.

"Topping the ranks in the App Store's business category, Polaris Office has truly caught on worldwide as an essential companion for professionals," said Min Cheol Kwak, CEO at Infraware. "With the release of iPhone (News - Alert) 5, Infraware is offering a special opportunity for iOS users to experience Polaris Office at a discounted price."

In other news, it was revealed this week that not only is an abundance of companies utilizing Office 365, but schools as well. Realizing this, Microsoft has begun to offer its technology for free to several educational institutes, that when implemented can completely change the way in which teachers educate and students learn.

Office 365 for Education is already in place at Ivy League universities Dartmouth and Cornell, as well as school districts such as Metropolitan Nashville Public Schools, Fresno Unified School District, and the Tennessee Department of Education.

Office 365 is hosted via the cloud and includes Word, Excel, Outlook and other Microsoft Office tools – pretty much everything you need to complete an important task while on the go.

Closing out the week, Bernstein Research’s Mark Moerdler revealed that Microsoft has plans to include Office 365 on portable tablets, a strategic move that could bring in as much as $83 billion by the end of the fiscal year.

“With respect to Office 365, the product could shift more consumers to paying on a subscription basis, given that it will cost $20 per year per user, which may be more attractive than the traditional $140 baseline, as far as consumers who upgrade only every four years or so,” said Tiernan Ray, writer for Barron’s Blog. “Office 365 combined traditional Word, Excel, and PowerPoint productivity programs with cloud-computing services such as Microsoft’s “SkyDrive” backup/file sharing service and Skype (News - Alert).”

Be sure to stay tuned to the Office 365 Community, exclusively on TMCnet for the latest and greatest news!