Symantec acquires LiveOfficeBy Sara Radicati • Jan 20th, 2012 • Category: Blog
Symantec announced on January 16th that it acquired LiveOffice, a cloud-based archiving service provider, for $115 million. It has been long rumored that these two companies would eventually come together due to their close technology partnership over the last couple of years and the common bond two LiveOffice executives share having previously worked for Symantec.
Consolidation has been a reoccurring theme in the archiving and eDiscovery markets recently. Market leader Autonomy has lead the way making several acquisitions over the last couple of years before being acquired itself by HP. The rapid pace of consolidation in this market shows that it has reached maturity and that it is no longer possible for small technology-oriented companies to succeed and gain market share. Customer needs are complex and only large vendors with deep pockets and well developed worldwide sales and support teams can truly effectively compete. While this course of action is inevitable it is scary to see just how quickly these acquisitions and mergers are taking place. This rapid pace of movement will lead to an unfortunate slowdown in product innovation and a decline in technological advancements.
It appears that Symantec will look to integrate the LiveOffice services with their Clearwell eDiscovery products to offer a complete archiving and eDiscovery solution available either on-premises or in the cloud. In the case of the Symantec LiveOffice deal, LiveOffice was already being used to power its cloud-based Enterprise Vault.cloud offering so this acquisition should not represent any major upheaval or changes for its customers.