System Center 2012 Server Management Licensing

*VMs are equivalent to managed operating system environments (OSEs).

System Center 2012 Client Management Licensing

http://www.microsoft.com/en-us/server-cloud/system-center/default.aspx

For more information download the System Center 2012 licensing and pricing datasheet.

http://download.microsoft.com/download/1/1/1/11128EC7-2BE7-480C-9D46-4ECECA9E481A/System%20Center%202012%20Licensing%20Datasheet.pdf