Before they canceled, you could go to livedrive.com, and log in with your Backify username/password, it would give you the full list of files, account settings and an option to download the software and restore files. So they did have access to the data.

The software is "white-lable" by account settings, I.E. if you log into LiveDrive application with a Backify account, the branding will be Backify.