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Cloud-based Email Archiving Provider LiveOffice Continues to Deliver Record Revenue
Industry Recognition and Software-as-a-Service Adoption
Drive Archiving Client Base to 9,000
TORRANCE, Calif., August 3, 2009 — LiveOffice, the leading provider of software-as-a-service (SaaS), email archiving, email hosting and email continuity solutions, today reported record-setting revenue for the second quarter of 2009. The strong financial results were driven by increased demand for cloud-based technologies, the launch of proprietary automated migration technology and expansion into new channels.
“We are extremely excited about our continued growth and the leadership role we have taken in the rapidly expanding, highly competitive SaaS archiving industry. As more organizations look to offload IT tasks to the cloud, archiving via the SaaS model is becoming a hot topic,” said Nick Mehta, CEO of LiveOffice. “This is also the perfect opportunity for us to thank our 9,000 existing clients for their continued loyalty. We are 100-percent committed to the continued improvement of our services to meet their needs.”
Second quarter highlights include:
Industry recognition: LiveOffice was recently recognized by industry leading analyst firm Gartner Inc. as the largest provider of outsourced email archiving services in North America, based on total number of clients as of Dec. 31, 2008.¹ The company also received accolades from the Technology Council of Southern California as a finalist for its 2009 Emerging Software Company of the Year award.
Launch of proprietary LiveOffice CloudMerge migration technology: Until now, a major barrier to adopting a cloud-based archiving service has been migrating data from existing stores. The CloudMerge tools, a suite of user friendly applications and connectors, fully automate the migration, ingestion and consolidation of legacy data. These first-of-their-kind tools help organizations of all sizes capture data from a variety of mailbox sources, including on-premise email stores, hosted email stores, legacy email archives and personal archives.
First Hybrid Partnership: LiveOffice and Mimosa Systems forged the first partnership between on-premise and cloud-based email archiving providers. The companies joined forces to develop a beta version of LiveOffice CloudMerge for Mimosa NearPoint, which seamlessly connects Mimosa’s on-premise archive with LiveOffice’s cloud-based archive. The tool delivers cost-effective, long-term storage and expedited external e-discovery for on-premise Microsoft Exchange Server environments.
Expansion into New Channels: This quarter, LiveOffice pioneered the first-ever email archiving plugin for the Spiceworks IT management portal, enabling companies to implement a fully featured cloud-based email archiving solution with a simple, five-click installation process. This development effort puts the company’s technology at the fingertips of the Spiceworks community, with a membership including more than 700,000 information technology professionals.
Client Retention & Renewals: LiveOffice recorded high retention rates and renewals in part due to the company’s increased focus on client service. As part of this initiative, the company unveiled its Client Bill of Rights, which pledges to maintain absolute transparency and honest communication with LiveOffice’s growing client base.