Microsoft and Dropbox today announced a partnership that will integrate each company’s corporate offerings — Office 365 on Microsoft’s part, Dropbox for Business on Dropbox’s — with the other’s services.

The two firms, which have been competing in the cloud storage and file sync market — Dropbox’s bread and butter, a feature rather than a business for Microsoft — will now collaborate, first on tablets and smartphones, then next year online.

Some analysts called it advantage Microsoft in the partnership, but still thought Dropbox got an important win. “What Dropbox gets out of this is survival,” said Patrick Moorhead, principal analysts at Moor Insights & Strategy.

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