Symantec Buys Into The Cloud With Acquisition Of LiveOffice
As the buzz around The Cloud has built over the last few years, one company remained noticeably silent about plans for The Cloud – Symantec. Rival companies like IBM and Autonomy began introducing cloud archiving products in addition to existing on-premise archiving products. With its market-leading archiving product Enterprise Vault, Symantec no doubt felt the competitive impact of cloud solutions, but when queried about a cloud strategy, the company would only mention its partnership with LiveOffice. Turns out, LiveOffice is the Symantec cloud strategy – Symantec has acquired LiveOffice for $115 million.