SOURCE: LiveOffice

 

TORRANCE, CA--(Marketwire - August 22, 2008) - LiveOffice, the leading provider of software-as-a-service (SaaS) email archiving solutions, has earned a spot on this year's Inc. 5000, a prestigious annual list of the fastest-growing private companies in the country. This ranking reflects LiveOffice's three-year growth rate of 176.7%, which has been fueled by the increasing demand for the company's SaaS email archiving, compliance and e-discovery solutions. LiveOffice also ranked among the Top 100 Businesses in the Los Angeles region.

"Being recognized as one of the fastest-growing companies in the nation is a huge honor for us and great validation for the growing interest in SaaS solutions," said Nick Mehta, chief executive officer of LiveOffice. "We have big growth plans for the coming years and are thrilled with the progress we've made to date. This award also provides us with the perfect opportunity to thank our clients, many of whom have been with us since the beginning, for their loyalty and to reaffirm our commitment to providing them with the best technology and service levels possible."

Cofounded a decade ago by Alexander Rusich and Matt Smith, who now serve as chief visionary officer and chief operating officer respectively, LiveOffice was one of the first technology companies in the financial services industry to recognize that software could be effectively and securely delivered as a service via the Internet. Today, the company has grown into one of the leading email archiving and compliance providers, helping more than 7,500 clients across a range of industries manage their messaging needs.

"Our research suggests that 34% of medium sized organizations are using a SaaS-based solution, while another 24% plan to adopt one or more solutions in the next 24 months," said Brian Babineau, senior analyst with Enterprise Strategy Group. "The critical nature of email has led many companies to seek out services that help them control storage costs, meet compliance requirements and prepare for legal discovery requests. For the first time, many of these organizations are discovering that SaaS is an effective way to satisfy their email archiving and compliance needs, which is raising visibility for providers like LiveOffice. With their consistent revenue growth, we believe LiveOffice is well positioned for continued success as SaaS offerings become more mainstream."

The 2008 Inc. 5000 list measures revenue growth from 2004 through 2007. To qualify, companies must be U.S.-based, privately held, for-profit and independent (not subsidiaries or divisions of other companies) as of December 31, 2007, and have had at least $200,000 in revenue in 2004, and $2 million in 2007. Complete results of the Inc. 5000, including company profiles and a list of the fastest-growing companies, are available at www.inc5000.com.

About LiveOffice

LiveOffice is the leading provider of software-as-a-service email archiving and Hosted Exchange 2007 solutions, with more than 7,500 clients, 200 terabytes of email archived and a 99-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 800.251.3863 or visit www.liveoffice.com.

About Inc. magazine

Founded in 1979 and acquired in 2005 by Mansueto Ventures, LLC, Inc. magazine (http://www.inc.com) is the only major business magazine dedicated exclusively to owners and managers of growing private companies that delivers real solutions for today's innovative company builders. With a total paid circulation of 724,110, Inc. provides hands-on tools and market-tested strategies for managing people, finances, sales, marketing, and technology.

LiveOffice and its logo are trademarks of LiveOffice LLC. All other company names and products may be trademarks of their respective companies.