Announced on November 18, the new Identity Manager "gets your identities ready for the cloud, offers updated support for security identity self-service and enhances admin security," according to company officials.
The new preview allows administrators to synchronize identities directly to the cloud, while also supporting on-premises systems that use and exchange identity information, according to a Microsoft blog post announcing the preview availability.
"Customers can enable single sign-on to an application that supports Azure Active Directory by sharing the right attributes and values with Azure Active Directory to enable those new scenarios," the post added.
The new Identity Manager also offers a customizable password-management option with multi-factor (a k a two factor) authentication and deeper attribute integration with Active Directory, Microsoft's directory service, the post added.
Microsoft is incorporating Privileged Access Management (PAM) and Just-Enough Admin (JEA) with its new programming interface framework, allowing administrators to reduce admin access to specific time windows.
Update: I guess I misunderstood the 2013 posting. A spokesperson told me there is and was no cloud version of Identity Manager; it's an on-premises solutiony only and will continue as so. (Azure AD Premium is Microsoft's cloud-based identity and access management solution.)