Symantec Acquires LiveOffice for Cloud-Based Archiving

 
 
By Chris Preimesberger  |  Posted 2012-01-17 Email Print this article 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."

 
 
 
 
Chris Preimesberger Chris Preimesberger was named Editor-in-Chief of Features & Analysis at eWEEK in November 2011. Previously he served eWEEK as Senior Writer, covering a range of IT sectors that include data center systems, cloud computing, storage, virtualization, green IT, e-discovery and IT governance. His blog, Storage Station, is considered a go-to information source. Chris won a national Folio Award for magazine writing in November 2011 for a cover story on Salesforce.com and CEO-founder Marc Benioff, and he has served as a judge for the SIIA Codie Awards since 2005. In previous IT journalism, Chris was a founding editor of both IT Manager's Journal and DevX.com and was managing editor of Software Development magazine. His diverse resume also includes: sportswriter for the Los Angeles Daily News, covering NCAA and NBA basketball, television critic for the Palo Alto Times Tribune, and Sports Information Director at Stanford University. He has served as a correspondent for The Associated Press, covering Stanford and NCAA tournament basketball, since 1983. He has covered a number of major events, including the 1984 Democratic National Convention, a Presidential press conference at the White House in 1993, the Emmy Awards (three times), two Rose Bowls, the Fiesta Bowl, several NCAA men's and women's basketball tournaments, a Formula One Grand Prix auto race, a heavyweight boxing championship bout (Ali vs. Spinks, 1978), and the 1985 Super Bowl. A 1975 graduate of Pepperdine University in Malibu, Calif., Chris has won more than a dozen regional and national awards for his work. He and his wife, Rebecca, have four children and reside in Redwood City, Calif.Follow on Twitter: editingwhiz
 
 
 
 
 
 
 

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