Symantec Acquires LiveOffice to Offer Customers Choices
Security firm Symantec, makers of security software, announced Monday that it has acquired cloud-based data archiving firm LiveOffice for $115million.
LiveOffice, a California-based company with customers in 50 countries worldwide delivers a wide range of storage services for instant messaging, email, file sharing, and social media applications for meeting regulatory and e-Discovery requirements for its reported 20,000 or so customers.
Symantec has stated that this acquisition enables the company to enhance its information governance products with the intention to offer all of its customers the option to either store its information locally, or in Symantec's data centers, or possibly some combination of both.
LiveOffice will enable current and new customers access to unlimited storage and links to programs such as those provided by Google, Microsoft Office 365, Salesforce.com, Box and Dropbox.
Symantec proclaims its security services as second to none, offering reliable confidence "wherever information is used or stored," and with this acquisition, they have released the following statement:
"The acquisition of LiveOffice further extends Symantec’s leadership in archiving and eDiscovery; Symantec continues to enhance its offerings and deepen its commitment to provide the most comprehensive and innovative Information Management solutions delivered on premise, in the cloud, or as a hybrid solution."
Symantec goes live with LiveOffice by offering its community of interest choices in secure access.