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Tuesday, July 10, 2007

Google INC acquires Postini for $625 Million

According to the announcement made by Google Press center Google has acquired the Postini by signing a written agreement with Postini. Postini is a world leader in on demand communications Security and Compliance solutions with approximately 10 Million users worldwide. Postini have 35000 clients worldwide. Google acquires Postini by $625 Million in cash, Subject to working capital and other adjustments.

"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.

"As the market leader in on-demand secure communications and compliance solutions, Postini complements Google perfectly. We share a commitment to providing enterprise customers with compelling technology alternatives. This is an exciting milestone, one that will certainly lead to the next level of rapid innovation," said Quentin Gallivan, President and Chief Executive Officer of Postini

The Source for this News is Google Press Center.

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