Symantec, security software giant, has announced the acquisition of a privately-held cloud email archiving company, LiveOffice for $115 million. The acquisition will extend Symantec’s intelligence information governance offering to the cloud, providing customers a choice between on-premise, cloud or hybrid delivery of Symantec solutions.
The advantage of intelligent Governance by implementing the proper controls for information retention and protection, organizations with this can confidently allow their employees to share information freely. The company aims to provide a critical edge with this, where information is increasingly accessed from a wider variety of devices, including smartphones and tablets, shared via social media and can be stored in the cloud.
With the continued investment in Archiving Symantec continues to enhance its market leading archiving and eDiscovery offering with the acquisition of LiveOffice. The acquisition will depends the company’s commitment to provide the most comprehensive and innovative archiving, compliance and eDiscovery solutions delivered on-premise, in the cloud or as a hybrid solution.
About Symantec Corporation:
Symantec Corporation is the largest maker of security software for computers, best known for its Norton brand. The company is headquartered in Mountain View, California, and is a Fortune 500 company and a member of the S&P 500 stock market index.