Microsoft has rebranded its cloud storage service Skydrive after losing a lawsuit initiated by Sky in July 2013.

The new name for the service is Onedrive, and was chosen "because it is one place for all documents and one place that is seamlessly connected across all devices".

Microsoft said that the changeover will be seamless and that all services will continue running as normal. SkyDrive and SkyDrive Pro will be renamed OneDrive and OneDrive for Business.

It has not yet been specified when the name change will come into effect.

It is predicted that once OneDrive actually launches, it will also play host to new features, as Microsoft hints at the new service being "even better" and be "everything you love about SkyDrive and more".

On the OneDrive blog, Ryan Gavin, a senior director at Microsoft, said:

"Why OneDrive? 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.

"Of course, changing the name of a product as loved as SkyDrive wasn’t easy. We believe the new OneDrive name conveys the value we can deliver for you and best represents our vision for the future. We are excited about what is to come, and can’t wait to share more."