NEW YORK (WCBS 880) - Microsoft is teaming up with New York City in a project that could save the Big Apple millions of dollars.

Instead of the individual city agencies signing separate contracts with Microsoft for programs, Mayor Bloomberg believes the city will save $50 million over five years under the new licensing agreement with Microsoft.

WCBS 880's Rich Lamb says Bloomberg calls the many aspects of the deal a groundbreaking partnership, but admits most programs aren't "sexy."

LISTEN: WCBS 880's Rich Lamb with details on NYC and Microsoft

"Most of them are, in all fairness, pretty technical. Much of them aren't really very sexy, so I'm sorry if you are looking for a story of sex and pizzazz. This is not what this is about," said Bloomberg.

The Mayor says it is about keeping New York on the cutting edge of technology and saving money at the same time.

The new agreement will provide more than 100,000 workers with Microsoft's Internet-based cloud computing.

"Cloud computing is becoming an increasingly popular method for people to collaborate and access information. Instead of working off a hard drive or server, all your programs and documents are delivered securely through the Internet, hence, in the cloud," said Bloomberg.