Microsoft is holding an invitation only press event on Tuesday 28th June at 4:00 p.m . BST (10:00 a.m. EDT) to officially launch its cloud hosted productivity suite. Office 365 is still currently being fine tuned and is still in beta today.
Office 365 consists of cloud hosted versions of Exchange Online, SharePoint Online and Lync Online. Customers who wish to can also opt to have Office Professional Plus which is locally installed on a PC and has a paid monthly subscription. The service will compete with a few similar services including Google Apps.