1. has 2 modules: SkyBox Creator and SkyBox Converter.
2. great if you want to create a 360 video within After Effects, using 3rd party plugins with text and graphics.
1. has 4 modules: SkyBox Creator, SkyBox Converter, SkyBox Extractor and SkyBox Viewer.
2. great if you want to import stitched 360 footage, and composite, motion track and add text and graphics in 360 space.
Watch the Product Overview to see the difference.