LiveOffice Acquired For $115M By Symantec

Torrance-based LiveOffice, the provider of online, cloud-based email archiving services led by Nick Mehta, has been acquired by Symantec, in a deal worth $115M. Symantec said the acquisition would extend its intelligence information governance offering. LiveOffice was venture backed by Summit Partners. The firm offered up online, cloud-based archiving and retrieval of emails for corporations.