Symantec Buys Cloud-Based Email Archiving Company LiveOffice For $115M

Security and storage giant Symantec has announced the acquisition of cloud email archiving company LiveOffice. The acquisition price was $115 million. LiveOffice is a SaaS provider of email archiving, compliance and hosting. In addition to providing cloud based email archiving, LiveOffice also archives email which is on-premise. By hosting email archives with LiveOffice, customers can migrate from their current provider to a cloud provider without having to deal with the possibility of losing sensitive information.

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