Licensing requirements for running SBS 2011 in Hyper-V

I am currently running SBS 2011 that is natively installed on a Dell PowerEdge server. The plan is to add some RAM and then convert the system to a Hyper-V server that would run the SBS operating system as a VM. From a licensing standpoint, I realize I will
need to purchase a copy of Server 2012 R2 Standard in order to run Hyper-V on the server. I believe I would also be licensed to run the SBS operating system as one of the two licensed VMs.
My question is what is the requirement as far as user CALs is concerned? Seeing as my users will continue to access the SBS server, they will never access the Server 2012 box directly. The only purpose for Server 2012 is to provide the Hyper-V host. So am
I bound by the user licensing of the SBS server, or am I required to also purchase user CALs for the Server 2012 platform?
Thanks for any insight on this question...

It is always best to talk with a trained Microsoft licensing specialist when asking about licensing questions. A license is a legal agreement between you and the license issuer. Relying on information from a technical forum on the internet would
not stand up in a court of law, and your auditors would not like that.
That said, a Windows Server CAL - Client Access License - covers access to Window Server(s). Whether you have 1 or 100 Windows Server, the client access license grants the right to access the services. Yes, they are operating system version specific,
but if you are running only the Hyper-V role in the host installation, no CALs are required for the host. If you are running other services that the clients are accessing, then you would need to purchase the 2012 CALs. Again - check with a trained
Microsoft licensing specialist.
. : | : . : | : . tim

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