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LiveOffice Names Email Archiving Veteran Nick Mehta as CEO
(Marketwire Via Acquire Media NewsEdge) TORRANCE, CA, May 15 / MARKET WIRE/ --
LiveOffice, the leading provider of
managed email archiving, compliance, security and Exchange
hosting solutions, today announced the appointment of Nick Mehta as
CEO. Mehta, who joined the LiveOffice board in January 2008, succeeds
company Cofounder Alexander Rusich as CEO. Rusich will continue as chairman
of the board and assume the new role of chief visionary officer (CVO),
overseeing the company's long-term strategy and technology development.
LiveOffice Cofounder Matt Smith remains as president and chief operating
officer (COO).
"Given his wealth of experience, we are thrilled to have Nick join the
executive team and are confident that he will play a pivotal role in
LiveOffice's expansion into new markets," said Rusich. "Nick's
extraordinary energy, keen understanding of the messaging industry and
commitment to continuing the company's strong operating performance are all
highly critical to our long-term success."
For the better part of the last decade Mehta built his reputation in the
email and messaging space, holding senior operating roles for public and
private companies in the enterprise and consumer technology markets. He
spent more than five years at Symantec Corporation and Veritas Software
Corporation (acquired by Symantec in 2005), where he served as vice
president and general manager of the Enterprise Vault (formerly KVS)
information archiving and discovery software business from its acquisition
in 2004 until 2007. During this time, the business grew from $23 million in
annual sales to over $200 million and received recognition from ESG,
Gartner, Forrester, IDC and Radicati as being the leading product in the
"on-premise" email archiving market.
"LiveOffice provided me with a tremendous opportunity to join a fast
growing and profitable software-as-a-service (SaaS) company in the
messaging industry that I'm so passionate about," said Mehta. "I appreciate
the capital cost and complexity inherent in even the best of onsite
solutions, particularly for organizations with limited IT resources. I am a
big believer that the SaaS model will become prevalent in messaging, as we
have seen in other software categories."
According to Enterprise Strategy Group (ESG) research, organizations will
archive more than 8,000 petabytes of email data between now and 2010. "This
capacity is phenomenal, especially given that email archive solutions are
only used by 35% of organizations," said ESG Senior Analyst Brian Babineau.
"This indicates to me that the market is ripe for innovative archiving
solutions, especially for small to midsize enterprises that need a managed
services approach to reap the benefits of lower storage costs, improved
compliance processes and enhanced litigation readiness. This is where a
company like LiveOffice comes into play, because they are well positioned
to deliver the value of email archiving without requiring IT departments to
buy, install, configure and maintain on-premise software solutions."
Babineau added, "Given his success in the on-premise archiving market,
Nick's decision to join LiveOffice validates that there is a huge
opportunity for managed service providers."
Prior to his role as general manager of Symantec's Enterprise Vault, Mehta
held other positions leading product management for all email-related
businesses at Symantec and previously for CommandCentral, a suite of
storage management solutions. Prior to Veritas, he ran product management
at XDegrees, a venture-funded storage software startup that was acquired by
Microsoft. He holds a Bachelor's degree in Biochemical Sciences and a
Master's degree in Computer Science from Harvard University.
Visit Mehta's blog on the email and messaging industry at
http://blog.liveoffice.com.
About LiveOffice
LiveOffice is a leading provider of managed messaging services for
businesses, including email and instant message archiving, compliance and
e-discovery solutions, spam-and-virus protection, Hosted Exchange 2007 and
Hosted BlackBerry Enterprise Solution. We process and protect millions of
messages each day while helping organizations streamline operations and
comply with a variety of regulations. Founded in 1998 and headquartered in
Torrance, Calif., LiveOffice serves a premier roster of clients, including
Fortune 100 companies, and has a customer-retention rate of 99 percent. For
more information, call (800) 251.3863 or visit www.liveoffice.com.
LiveOffice and its logo are trademarks of LiveOffice LLC. All other company
names and products may be trademarks of their respective companies.
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Contacts:
Amy Dugdale
LiveOffice
800-251-3863, ext. 148Email Contact
Copyright ? 2008 Marketwire
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