Microsoft today announced worldwide availability of Office 365 Home Premium, a reinvention of the company’s flagship Office product line for consumers. Office 365 Home Premium is a cloud service designed for busy households and people juggling ever-increasing work and family responsibilities. The new offering includes the latest and most complete set of Office applications; works across up to five devices, including Windows tablets, PCs and Macs; and comes with extra SkyDrive storage and Skype calling — all for $99.99 for an annual subscription, the equivalent of US$8.34 per month.

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“Today’s launch of Office 365 Home Premium marks the next big step in Microsoft’s transformation to a devices and services business,” said Steve Ballmer, CEO of Microsoft. “This is so much more than just another release of Office. This is Office reinvented as a consumer cloud service with all the full-featured Office applications people know and love, together with impressive new cloud and social benefits.”