Symantec has acquired archiving company LifeOffice, in a deal worth $115 million. Symantec increases its cloud-computing power to fight the battle and be more of an on-premise and software as a service (SaaS) company. Most traditional enterprise-software companies are scooping up cloud-based companies, with SAP purchasing SuccessFactors, and Oracle taking RightNow.
Symantec said in a statement that it will use LiveOffice to bolster its information-governance unit, as LiveOffice provides a cloud-based archiving system. LiveOffice and Symantec were partners before the deal, which it has now fused into one.