Microsoft changed the names of their Office 365 small and medium business (SMB) SKUs on April 21, 2020. No changes are being made to pricing or features, it is just the names. There are also no price, feature, or business model changes to commercial subscriptions. Customers will see the name of their subscriptions updated to the new name across their in-product experiences. There is no need to take any action.
Why the name change from Microsoft?
This is what Microsoft said:
Simply put, our customers have had a hard time deciding which SKU is right for them. Our mid-priced SKU is called “Office 365 Business Premium,” our premium SKU is called “Microsoft 365 Business,” while our “Office 365 Business Essentials” SKU has more cloud services value than our “Office 365 Business” SKU.
With the new name, we’re shifting focus to how our services deliver value to our customers.
What are the new names?
* ‘Microsoft 365 Apps’ can be used to refer to Microsoft 365 Apps for enterprise if the audience context is clearly set. Otherwise, use the full product name.
Are there any changes to prices or features?
There are no price changes, feature changes, or business model changes as part of this renaming. There are no naming changes for the Office 365 Enterprise or Microsoft 365 Enterprise SKUs.
- Office 365 Business subscriptions are becoming Microsoft 365 for business subscriptions. This includes Office 365 Business Essentials, Office 365 Business Premium, and Microsoft 365 Business.
- Standalone commercial desktop client subscriptions are becoming Microsoft 365 Apps subscriptions. This includes Office 365 Business and Office 365 ProPlus.
- Consumer Office 365 subscriptions are becoming Microsoft 365 subscriptions.
What remains the same?
- Subscription prices
- Product features
- Offer IDs and SKUs
- Office 365 Enterprise SKU names
There are no naming changes for the Office 365 Enterprise or Microsoft 365 Enterprise SKUs.
Source: Microsoft 365: New name, same price, same great value – US Partner Community Blog – Microsoft