LiveOffice Adds Hardy as CFO

Torrance, Calif.-based LiveOffice, a provider of cloud-based email archiving and other email services, has named Matt Hardy chief financial officer. Hardy worked previously for Digital Insight, a developer of financial software for small- and medium-sized banks and credit unions. Digital Insight was acquired by Intuit in 2007. Earlier in his career, Hardy worked in investment banking for Credit Suisse and served as controller in the printing industry. LiveOffice is backed by Summit Partners.

PRESS RELEASE:
LiveOffice, the number-one global provider of cloud-based email archiving, email compliance, email discovery and email continuity solutions, today announced the addition of Matt Hardy as chief financial officer. Hardy will manage all of the company’s financial initiatives to position it for continued growth and success in support of LiveOffice clients.

“The breadth of Matt’s financial background in the software industry, specifically in the SaaS space, will help us maximize the huge growth opportunities ahead of us,” said Nick Mehta, LiveOffice CEO. “Matt joins the company at an exciting time, and his expertise in driving financial growth for a leading technology provider will play a key role as we continue to expand our global presence.”

Hardy brings more than 15 years of financial experience from both public and private companies in the technology and financial industries to his new post at LiveOffice. He previously spent seven years with Digital Insight (an Intuit company), a leading SaaS developer of financial software for small- and medium-sized banks and credit unions. Hardy most recently served as vice president of finance and helped poise the company for a successful sale to Intuit in 2007 for approximately $1.33 billion. During his tenure with the company, revenue grew from $94 million to $300 million. Prior to joining Digital Insight, Hardy worked in investment banking for Credit Suisse and served as controller in the printing industry. He began his career by cofounding a company that jointly produced city-specific destination guides with Delta Airlines. Hardy earned a Master of Business Administration from the Wharton School at the University of Pennsylvania and a Bachelor of Science in accounting and information systems from Brigham Young University.

“As the leader in cloud-based email archiving, LiveOffice is rapidly expanding its presence in the enterprise and gaining significant momentum internationally,” said Hardy. “I’m proud to be part of this stellar team as the company accelerates into its next stage of growth.”

About LiveOffice
LiveOffice is the number one global provider of cloud-based email archiving, email compliance, email discovery and email continuity solutions, with more than 18,000 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 200 employees with deep experience in messaging, including executives from Symantec, Microsoft and Cisco. 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 www.twitter.com/liveoffice.

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