Deals

Security champ Symantec makes a play for the cloud with $115M purchase of LiveOffice

liveoffice-350In a move to bolster its cloud credentials, notable anti-virus and security player Symantec has acquired e-mail archiving company LiveOffice for $115 million, the company announced this morning.

LiveOffice primarily helps companies archiving e-mail in the cloud, ensuring that they always have access to important communications. If a company’s e-mail client goes down, for example, its employees can still send and receive messages. The company’s archiving, hosting and compliance solutions will bolster Symantec’s popular security products like Norton AntiVirus and give it more clout as a cloud service provider.

Symantec was already using LiveOffice to help provide its Enterprise Vault archiving product, so the acquisition makes sense. With a full in-house archiving solution, Symantec can offer its customers a wide array of solutions for security, anti-spam, compliance, archiving and continuity. This means its clients will be broadly protected, whether they use in-house or hosted e-mail clients.

“What were once disparate issues — information management, eDiscovery, and data security — are rapidly coming together due to the explosion of electronically stored information and the on-premise and cloud-based technologies that deliver and disseminate it, said Brian Dye, Symatec VP of information intelligence, in a statement. “Organizations are increasingly demanding that these issues be addressed in a unified way through information governance. As a market leader for storage, eDiscovery and security, Symantec continues to enhance its offerings and deepen its commitment to provide the most comprehensive intelligent information governance solutions.”

Torrance, Calif.-based LiveOffice was founded in 1998 and claims more than 20,000 customers in 50 countries. LiveOffice received a minority investment from Summit Partners back in 2007.

You can get a look at LiveOffice’s cloud e-mail archiving solution in the video below: