The software and cloud-based services company Equilibrium and its hosting partner NetConnect recently announced the first hosted SharePoint 2010 Visual Collaboration and Asset Management System, MediaRich ECM for SharePoint On-Line.

With the new solution, groups are able to view, watch, listen and find more than 400 different file types, enabling global collaboration on project files through a centralized SharePoint portal, the company stated. Also, no third-party software is needed for the end-user’s computer. According to the companies, only a browser or smart device is needed.

“It’s now possible to Instant-On a full MediaRich ECM for SharePoint, enabling simple review of digital video, image shoot dailies or collaboration portal in a secure easy to manage environment in a matter of minutes,” said Sean Barger, CEO of Equilibrium.

According to Microsoft, the amount of new users adopting the collaboration software is 20,000 on daily basis. This number adds up to more than 7 million new SharePoint users each year, reinforcing the software’s popularity for businesses, according to a report by ZDNet.