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Symantec acquires cloud-based archiving company

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CIOL Bureau
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MOUNTAIN VIEW, CALIFORNIA: Symantec Corp. announced that it has acquired LiveOffice, a privately-held cloud-based e-mail archiving solutions provider, for approximately $115 million.

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The acquisition of LiveOffice, Symantec’s hosted archiving OEM partner for Enterprise Vault.cloud, will further enable organizations to store, manage, and discover an increasingly broad range of unstructured information including on premise and cloud-based information sources such as email, instant message, social media and file sharing.

Also Read: Hackers break into Symantecs anti-virus source code

It will extend Symantec's intelligent information governance offering to the cloud, providing customers choice between on-premise, cloud or hybrid delivery of Symantec solutions, says a release.

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The company will integrate LiveOffice with the recently acquired Clearwell eDiscovery Platform.

"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. Organizations are increasingly demanding that these issues be addressed in a unified way through information governance," stated Brian Dye, vice president, Information Intelligence Group, Symantec Corp.

This acquisition also provides an opportunity for tighter integration between archiving and Symantec.cloud's email security and management capabilities. With LiveOffice, Symantec provides customers a complete cloud-based solution for messaging protection, including: anti-SPAM, security, continuity, archiving, compliance, and eDiscovery -- all from one vendor, it adds.

Symantec also announced its plans to strengthen the integration of its archiving and eDiscovery solutions.

Symantec's Clearwell eDiscovery Platform is expected to have the only collector certified by Symantec to collect directly from Symantec Enterprise Vault.

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