Symantec buys LiveOffice cloud storage vendor

This week Symantec announced it purchased cloud archiving vendor LiveOffice for $115 million. The purchase makes sense because LiveOffice was already a Symantec OEM partner and it meshes nicely with the purchase of Clearwell last year.

The purpose of the LiveOffice purchase according to the announcement is to build on that eDiscovery acquisition by providing a way for customers store and manage unstructured data in a cloud environment.

The interesting thing is that companies can store and archive, not only on-premise content, but also content that comes from cloud sources such as email and social networking.

The link with Clearwell is that once content is stored in LiveOffice, customers can export content from a discovery request into Clearwell where they can deal with finding the information in the request.

The purchase makes a lot of sense for Symantec, giving them a cloud delivery system at a time when cloud services are growing increasingly popular and the tie in with Clearwell means that customers can at least theoretically have a one-stop shop for storage and eDiscovery (if that's what they are looking for).

For more information:
- see the Symantec announcement

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