A formal five-year agreement has been announced by Microsoft's Macintosh Business Unit (Mac BU) to develop Microsoft Office for Mac software. The software will be for both PowerPC- and Intel-based Macs, and will provide Mac users with access to the new Microsoft Office Open XML Formats.

Tom Gibbons, vice president - consumer productivity, eXperiences business, Microsoft, said, "Microsoft has a history of successful collaboration with Apple, and this agreement underscores our commitment to the Mac platform. We've had many years of success with Office for Mac, and this formal commitment confirms that we're in the Mac business for the long haul."