Symantec announced that it has acquired cloud-based archiving service LiveOffice for $115 million to extend a new " intelligent information governance solution" to the cloud.
The solution, Symantec says, will enable organizations to "bridge the gap between business, legal and IT, reduce their risks and costs, and empower employees to work freely in a connected world."
Customers will be able to choose between on-premise, cloud or hybrid delivery of such a solution. The company says that through the existing integrations between LiveOffice and the recently acquired Clearwell eDiscovery Platform, customers can export info from LiveOffice to the platform where it is collected along with info from Enterprise Vault and other data sources.
Symantec says the acquisition will also lead to tighter integration between archiving and Symantec.cloud's email security and management features.
"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, VP, Information Intelligence Group at Symantec. "As a market leader for storage, eDiscovery and security, Symantec continues to enhance its offerings and deepen its commitment to provide the most comprehensive intelligent information governance solutions."
The acquisition closed on Jan. 13.