What Does Office Open XML (OOXML) Mean?
Office Open XML is a file format based on XML and IP archive technologies. It is developed by Microsoft which introduced them in the 2007 release of Microsoft Office. The format has become the default target file format for Microsoft Excel, Microsoft PowerPoint and Microsoft Word. Office Open XML format files have replaced legacy binary Office files and have many benefits such as interoperability as well as improved file and data management compared to latter.
Techopedia Explains Office Open XML (OOXML)
Office Open XML is different from Open Office XML, and in many ways they are competing XML standards. The new format can be accessed and worked upon by any application supported by XML, and as such the application need not be part of any Microsoft product or even the Microsoft Office system. Like the binary office file format, Office Open XML formats are also saved in a single container, however they can provide information on components that provide access to the structure which composes the file.