Well, this is interesting:
MOUNTAIN VIEW, Calif. – July 9, 2007 – Google Inc. (NASDAQ: GOOG)
announced today that it has signed a definitive agreement to acquire
Postini, a global leader in on-demand communications security and
compliance solutions serving more than 35,000 businesses and 10
million users worldwide. Postini’s services — which include message
security, archiving, encryption, and policy enforcement — can be used
to protect a company’s email, instant messaging, and other web-based
communications. Under the terms of the agreement, Google will acquire
Postini for $625 million in cash, subject to working capital and other
adjustments, and Postini will become a wholly-owned subsidiary of
Google. The agreement is subject to customary closing conditions and
is expected to close by the end of the third quarter 2007.
“With this transaction, we’re reinforcing our commitment to delivering
compelling hosted applications to businesses of all sizes. With the
addition of Postini, our apps are not just simple and appealing to
users — they can also streamline the complex information security
mandates within these organizations,” said Eric Schmidt, Chairman of
the Board and Chief Executive Officer of Google.
Postini is backed by August Capital, Bessemer Venture Partners, Mobius Venture Capital, Pacifica Fund, Summit Partners and Sun Microsystems. More here from Alarm Clock.
Happy days in those offices, I’m guessing.
One thought on “Google Acquires Postini”
This has been waiting in the searchmob queue for 6 am,
there are a number of really good tips still waiting