Acknowledged global leader in software development for financial markets, MetaQuotes Software Corp., has launched a worldwide social initiative under which it has pledged to provide any educational institution its groupware for managing enterprises, known by the brand name TeamWox, absolutely free of cost.

MetaQuotes, known globally for its online trading platforms that facilitate foreign exchange brokerage activity - such as MetaTrader 4 and 5 - evolved TeamWox as an enterprise management system for expanding companies that require modern functional tools to organize and optimize their operations.

Initially developed to meet the internal needs of the fast growing company itself, TeamWox was gradually expanded and polished to yield a tool that could help all successful small and medium businesses to coordinate their staff, improve productivity, reduce costs and foster greater transparency and control. Naturally, it aroused a high level of interest among management representatives of various companies.

Now, in realization of the fact that educational institutions too would find a package such as TeamWox extremely helpful but would probably find it unaffordable, the software developer has announced that it will give the product free to any educational institution.

Announcing the offer, Renat Fatkhullin, CEO of MetaQuotes Software Corp said, The only condition for use of the free version is the ownership of a valid license for educational activity, issued by the relevant governmental regulatory body. The system offered to educational institutions is designed for an unlimited number of users and has no time restrictions. Thus we now offer a commercially successful, fully functional product to schools absolutely free of charge

The program was initiated in Russia, the birthplace of the groupware, towards the end of February and has seen a warm response in the two weeks since its launch. Fifty educational institutions in the country had already applied for this version, provided copies of their educational licenses, and received the free software before the company announced its decision to extend the scheme globally. Interested institutions have been encouraged to apply online on the TeamWox website and submit electronic copies of their education licenses.