LiveOffice Claims Record Revenue In Q1

Torrance-based LiveOffice, a provider of email archiving, compliance, and backup software-as-a-service, reported Monday that the firm had record revenue in the first quarter of 2010. The privately held firm did not disclose actual financials. According to the firm, it had an annual growth rate of 207 percent in Q1 of 2010. LiveOffice is backed by Summit Partners, and has oer 150 employees. This is the third quarter in a row that the firm has claimed record revenues, although it has yet to release any actual numbers to back up its claims.