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LiveOffice Reports Record Revenue in First Quarter
By Anil Sharma, TMCnet Contributor
LiveOffice, a provider of software-as-a-service “SaaS (News - Alert)” e-mail archiving, e-mail compliance and e-mail continuity solutions, has reported another consecutive quarter of record company revenue that the company says was driven by the explosive growth of LiveOffice Personal Archive.
Company officials said that with an annual growth rate of 207 percent in the first quarter of 2010, LiveOffice Personal Archive meets customers' increasing desire to use their e-mail archive not only for e-discovery and compliance purposes, but also to allow end users to quickly search for and restore e-mail with LiveOffice's unlimited mailbox.
Also according to the research, message archiving buyers have reported low satisfaction with their current deployments and, as a result, many plan to ramp up adoption to help meet regulatory and legal risk mitigation objectives.
The report points out that the buyers expect to increasingly deploy SaaS/hosted models in 2010.
"Companies have historically looked to archiving solutions to meet their e-discovery and compliance needs. Today, the need to provide end users with seamless archive access is becoming more apparent and is drastically accelerating the adoption of LiveOffice Personal Archive,” said Jim O'Hara, vice president of sales and business development, LiveOffic.
O'Hara said that without requiring a desktop plug-in, Personal Archive provides deep integration with Microsoft (News - Alert) Outlook, Microsoft Outlook Web Access, Lotus Notes and BlackBerry devices -- all with a pricing model based on unlimited storage and retention.
Anil Sharma is a contributing editor for TMCnet. To read more of Anil’s articles, please visit his columnist page.
Edited by Stefania Viscusi