Tuesday, August 3, 2010

LiveOffice Claims Q2 Revenue Gains

Torrance-based LiveOffice, which provides email archiving, compliance, and backup software-as-a-service, said today that it has seed a record second quarter in terms of revenues. The privately held firm did not disclose any actual finances, but said it saw a 177 percent growth in its LiveOffice Personal Archive product. LiveOffice--which is backed by private equity firm Summit Partners--also had said in Q1 that it had recorded record revenues. The firm has been claiming record revenues for the last year, although it has yet to release any details on finances. The firm said it has more than 10,000 clients using its services.

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