IDG News Service - Symantec has acquired LiveOffice, a provider of cloud-based data archiving and storage, for $115 million, the companies announced Monday.
LiveOffice, based in Torrance, California, offers a variety of storage and e-discovery services, for e-mail, instant messaging, social media, file sharing and other applications in order to meet regulatory requirements. The company works with 20,000 companies in 50 countries, according to its website.
Symantec said the acquisition will allow it to add to its information governance products, allowing customers to have the choice to store information either on-premise or in Symantec's data centers or a mix of both.
LiveOffice is already integrated with the Clearwell eDiscovery Platform, which coordinates the collection of information for actions such as legal cases. Symantec completed its acquisition of Clearwell in July 2011.
LiveOffice gives unlimited storage to its customers, who pay a flat price per user per month. The cloud-based application links to other commonly used programs such as Microsoft Office 365, Google Apps, Salesforce.com and Dropbox.
Symantec also said on Monday in the same announcement that it plans to strengthen the integration its Enterprise Vault archiving platform and the Clearwell eDiscovery Platform, which coordinates the collection of information for actions such as legal cases.
The Clearwell eDiscovery Platform will be able to collect information from the Enterprise Vault at scale and preserve it, Symantec said.
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