Zoho Business was officially announced at the Office 2.0 Conference in San Francisco, Calif. these past couple of days.  This new suite will take on Google Apps head-on.  Zoho Business will have two versions of their services: Free and Pro.  The Professional version will cost about $40 per user per year.

Although Zoho Business is currently in private Beta, it will become public next month.   Zoho Business Professional will have extra storage, phone support, security, enhanced customization, and group control.

ReadWriteWeb has some additional information and screen shots.  Zoho has 15 different applications and has 120 developers working on their suites.  Zoho is a division of AdventNet and is serving 10,000+ customers worldwide.