Symantec buys LiveOffice for cloud archiving tools

Symantec has acquired LiveOffice, an archiving company, in a bid to bolster its cloud-computing offerings.

In a statement on Monday, Symantec said that it will use LiveOffice to bolster its information governance unit.

LiveOffice provides a cloud-based archiving system. The deal was valued at $115m (£74.9m).

Symantec also said it is better integrating its e-discovery and archiving software. It will integrate its Clearwell e-discovery platform and its Enterprise Vault software.

For more on this ZDNet UK-selected story, see Symantec picks up LiveOffice for $115 million, bolsters cloud archiving on ZDNet.com.