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Symantec Buys LiveOffice For $115 Million

Security giant Symantec has acquired cloud base email archiving company LiveOffice. The price was $115 million. The security software company said “acquisition will extend Symantec’s intelligent information governance offering to the cloud, providing customers choice between on-premise, cloud or hybrid delivery of Symantec solutions.”


Symantec

LiveOffice is a cloud email archiving service, it also extend to on promises archival which allows clients to migrate from their current provider to cloud provider without losing important data in the process. The LiveOffice technology ensures that if cloud base hosting services is an outage then users are able to send and receive email, including attachment.

LiveOffice founded in 1998 and it has approximately 20,000 clients. Per day this company process million of messages. LiveOffice CEO Nick Mehta and Vice President of Sales and Business Development Jim O’Hara both are previously worked at Symantec. This company also be integrated with Symantec’s acquired Clearwell eDiscovery Platform.

Katey Wood, analyst Enterprise Strategy Group said that “The governance of information is increasingly important to businesses. Companies need to simultaneously control and liberate information, letting employees freely access the information they need for maximum productivity without resulting in compliance risks to the organization”.

Symantec hopes that with LiveOffice, they provide customers a complete cloud-based solution for messaging protection: from anti-SPAM and security to continuity and archiving.

Source:Techcrunch

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