Company Also Reports Record Third-Quarter Results
LiveOffice, the leading provider of software-as-a-service (SaaS), email archiving, email hosting and email continuity solutions, today announced that it has earned a spot on the Deloitte Technology Fast 500™, a ranking of the 500 fastest-growing technology, media, telecommunications, life sciences and clean technology companies in North America. Rankings are based on the percentage of fiscal-year revenue growth during the five-year period from 2004-2008. LiveOffice grew 222 percent during this period.
LiveOffice CEO Nick Mehta credits industry recognition, the increasing adoption of cloud-based solutions and an expanding partner channel as the major factors in the company’s record growth. He noted, “We are very excited to be ranked on the Deloitte Technology Fast 500 for the second consecutive year. Our growth rate reflects heightened market demand for email management solutions delivered via the software-as-a-service model. It also illustrates our commitment to providing our clients with technologies that meet their hosting, mailbox management, compliance and legal discovery needs, while reducing the overall burden on budget-constrained IT resources.”
Company Reports Record Third-Quarter Revenues
In addition to its Technology Fast 500 award, LiveOffice also announced today that it has posted record revenue growth for the third quarter of this year.
Third-quarter highlights include:
- Archiving Support for Microsoft Exchange Server 2010: LiveOffice became the first email archiving provider to support Microsoft Exchange Server 2010, Microsoft’s latest version of their enterprise messaging and collaboration solution. To ease the upgrade process for organizations, LiveOffice offers a “pre-migration diet,” which helps ensure a smooth and “skinny migration.”
- Industry Recognition: LiveOffice was recently recognized by leading business magazine Inc. on the 2009 Inc. 5000, an annual list of the fastest-growing companies in the United States.
- Expanding Partner Channel: Last quarter, LiveOffice signed more than 25 new partnerships with a variety of channel partners, which generated a significant amount of new revenue for the company and helped to further enhance the company’s reputation in the global channel.
- LiveOffice Personal Archive Folder Support: LiveOffice Personal Archive’s new folder support facilitates rapid browsing, search and filtering of legacy messages imported into the archive. This functionality caters to user search habits, enabling them to sort messages as they would in Microsoft Outlook or browse through them, using a tag-like structure similar to Google’s Gmail.
Technology Fast 500™ Selection and Qualifying Criteria
Technology Fast 500™ provides a ranking of the fastest-growing technology, media, telecommunications, life sciences and clean technology companies in North America. This ranking is compiled from nominations submitted directly to the Technology Fast 500™ website and public company database research conducted by Deloitte LLP. Technology Fast 500™ award winners for 2009 are selected based on percentage fiscal-year revenue growth during the five-year period from 2004 to 2008. In order to be eligible for Technology Fast 500™ recognition, companies must own proprietary intellectual property or proprietary technology that contributes to a significant portion of the company’s operating revenues.
About LiveOffice
LiveOffice is the leading provider of software-as-a-service email archiving and Hosted Exchange 2007 solutions, with more than 9,000 clients and a 97-percent client-retention rate. Founded in 1998 and backed by leading private-equity firm Summit Partners, the company has more than 100 employees with deep experience in messaging, including executives and board members from Symantec, Microsoft, FrontBridge and Postini. For more information, call 800.374.2032 or visit www.liveoffice.com. Visit the LiveOffice Blog at http://blog.liveoffice.com or follow us on Twitter at http://www.twitter.com/liveoffice.
LiveOffice and its logo are trademarks of LiveOffice LLC. All other company names and products may be trademarks of their respective companies.
Contacts:
LiveOffice
Joe Diamond
800-374-2032 ext. 239
joe.diamond@liveoffice.com
