Tuesday, April 19, 2011
LiveOffice Claims Revenue Growth
Torrance-based LiveOffice, the cloud-based email archiving and compliance software firm headed by Nick Mehta, is claiming another record quarter. The privately held firm, which did not disclose actual financials, claimed it had 111 percent sales growth, year-over-year, from first quarter of 2010. The firm said Q1 was another consecutive quarter of record revenue for the company. LiveOffice attributed the growth to its growing global partner program. LiveOffice is backed by private equity firm Summit Partners, and has more than 200 employees.