Microsoft battles Google with cloud-based Office 365 – From CNET

Microsoft is fighting back at Google with the launch of Office 365, a cloud-based version of its business software. Google Apps has been making inroads in the business market by seriously undercutting Office products, but Microsoft isn’t taking the attack on this core market lying down.

The new version of the suit-wearing, meeting-attending software replaces the software formerly (and boringly) known as Business Productivity Online Suite. Previously, Microsoft sold software packages to companies, which paid up front just as you’d buy a boxed copy of software in a shop. Now, companies will pay by subscription to Office 365’s cloud-based services.