According to fresh rumors, the service will be called, actually "Samsung Cloud"And it will be integrated into Galaxy Note phablet site 7Which will be released on August 2.
The service is similar to OneDrive of microsoft, Box, Drive from Google or dropbox. The difference is that users can make backups that will be easy on any device restauradestul Samsung. Unfortunately, the free storage capacity is quite small, 5 GB, but taking into account that Galaxy Note 7 especially targets business segment, this is not a problem for companies.
Probably Samsung Cloud be offered and users of other phones soon after onset Galaxy Note 7.