Symantec Acquires LiveOffice for Cloud-Based ArchivingBy Channel Insider Staff | Print
LiveOffice uses its homegrown, SaaS-based CloudMerge platform to integrate email services with archiving. Its archiving systems can be deployed for either cloud or on-site email systems and will integrate with Symantec's existing cloud services.
Data protection and cloud services provider Symantec, filling out its cloud and collaboration software portfolio, revealed Jan. 16 that it has acquired longtime partner LiveOffice, a provider of cloud-based archiving services.
Financial details of the transaction were not released, but Jefferies & Company equity analyst Aaron Schwartz said in a media advisory that he estimated the deal cost Symantec about $115 million. Schwartz also projected that privately held LiveOffice's 2011 revenue was in the $40 million range.
LiveOffice, founded in 1998, provides hosted archiving services to about 20,000 customers. Email archiving is a large part of LiveOffice's business, but the company has expanded to include other content types -- including documents and unstructured data, such as social media content.
Torrance, Calif.-based LiveOffice in late 2009 began offering archiving support for a number of Web-based email services, including Microsoft Exchange Online, Google Apps, Cisco's new WebEx Mail and Intermedia, along with several others.
LiveOffice uses its homegrown SaaS-based CloudMerge platform to integrate these email services with its archiving. Archiving systems can be deployed for either cloud or on-site email systems and can be done in short order, CEO Nick Mehta told eWEEK.
"As far as we know, we're the first archive provider to support both cloud-based and on-premises email," Mehta said at the time.
LiveOffice's cloud offerings will complement Symantec's backup, archiving and e-discovery capabilities. Symantec has said it plans to continue development of more cloud-based applications as time goes on.
"Symantec will more deeply integrate its backup, archiving (Enterprise Vault) and eDiscovery (Clearwell) solutions with LiveOffice to provide a full portfolio of storage and information management solutions as an on-premise or cloud-based offering," Schwartz wrote in his advisory. "Without full ownership, and the ability to fully integrate the solutions, there has likely been a limitation of data flow between the various storage applications and locations."
To read the original eWeek article, click here: Symantec Acquires LiveOffice for Cloud-Based Archiving