Google Acquires Postini, a Security Company, for $625 Million

Jul 9, 2007 • 10:01 am | comments (3) by twitter | Filed Under Google Search Engine
 

To improve on the Google Apps suite, Google has just acquired Postini, as we learn in a press release today.

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.

I happened to have worked for a bit with Postini in my days as a system administrator and this is a pretty cool thing for them. Congratulations. :)

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