Microsoft's SkyDrive won't be around much longer -- at least, not by that name.

SkyDrive, the software company's cloud-based storage service, will soon be called OneDrive, Microsoft General Manager for Consumer Apps and Services Ryan Gavin announced Monday.

The move comes several months after a British court ruled that Microsoft's use of the SkyDrive name was infringing on a trademark owned by British Sky Broadcasting (BSkyB) Group's Sky trademark. Rather than continue to battle it out in court, Microsoft decided it was time to change the service's name.

"Why OneDrive?" he asked. His answer: "We know that increasingly you will have many devices in your life, but you really want only one place for your most important stuff. One place for all of your photos and videos. One place for all of your documents. One place that is seamlessly connected across all the devices you use. You want OneDrive for everything in your life."Gavin acknowledged that the BSkyB dispute played a role in the rebranding, but of course tried to put a brave face on the news:

Gavin went on to say that as the transition commences, current SkyDrive and SkyDrive Pro customers will see no interruptions to the service. All of their content will also be available in the new OneDrive.