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Cloud-based Email Archiving Provider LiveOffice Recognized on Inc. 5000
TORRANCE, Calif., August 13, 2009 — LiveOffice, the leading provider of software-as-a-service (SaaS), email archiving, email hosting and email continuity solutions, has been named on the Inc. 5000, an annual list of the fastest-growing companies in the country. This recognition is the result of LiveOffice’s three-year growth rate of 122 percent, which has been driven by an increase in demand from organizations of all sizes for cloud-based email archiving. LiveOffice services enable companies to better manage growing email storage requirements, meet strict compliance regulations and legal requirements, while enhancing end-user productivity.
“We are very pleased to be ranked by Inc. as one of the nation’s fastest-growing, privately-held companies. Our current success is proof that the time is right for organizations of all sizes to move their email archiving to the cloud,” said LiveOffice CEO Nick Mehta. The company now serves 9,000 clients and expects continued growth the rest of the year as demand for email archiving services delivered via the software-as-a-service model increases. “We are extremely excited about the leadership position we have secured in the archiving industry and the opportunities we have in front of us this year.”
The 2009 Inc. 5000 is ranked according to percentage revenue growth from 2005 through 2008. To qualify, companies must have been founded and generating revenue by the first week of 2005, and therefore able to show four full calendar years of sales. Additionally, they have to be U.S.-based, privately held, for profit and independent—not subsidiaries or divisions of other companies—as of December 31, 2008. Revenue in 2005 must have been at least $200,000, and revenue in 2008 must have been at least $2 million. The top 10 percent of companies on the list comprise the Inc. 500, now in its 28th year.
LiveOffice is a leading provider of software-as-a-service email archiving and Hosted Exchange 2007 solutions, with more than 9,000 clients and a 97-percent client-retention rate. Founded in 1998 and backed by leading private-equity firm Summit Partners, the company has more than 100 employees with deep experience in messaging, including executives and board members from Symantec, Microsoft, FrontBridge and Postini. For more information, call 800.374.2032 or visit www.liveoffice.com. Visit the LiveOffice Blog at http://blog.liveoffice.com or follow us on Twitter at www.twitter.com/liveoffice.
About Inc. Magazine
Founded in 1979 and acquired in 2005 by Mansueto Ventures LLC, Inc. (www.inc.com) is the only major business magazine dedicated exclusively to owners and managers of growing private companies that delivers real solutions for today’s innovative company builders. With a total paid circulation of 712,961, Inc. provides hands-on tools and market-tested strategies for managing people, finances, sales, marketing and technology. Visit us online at Inc.com.