"Interesting stuff of the Technology, Products and Web 2.0..."

Tuesday, July 10, 2007

Google's another acquisition : Postini

Google Inc. (NASDAQ: GOOG) announced yesterday 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. This is another acquisition by Google within a week time. I wrote a week ago about Google's acquisition of GrandCentral Communications.

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.

Google will continue to support Postini customers and invest in Postini products.

About Postini

Postini is the global leader in on-demand solutions that deliver on the promise of Communication Security and Compliance. It helps organizations by protecting them against increasingly malicious internet-based attacks. More than 35,000 businesses worldwide depend on Postini and postini processes over 1 billion messages per day.

Postini patented "stateless" architecture and redundant global data centers are backed by certifications such as SAS 70 Type II, WebTrust, and the Department of Commerce/UE Safe Harbor.
The Postini Message Center is available in 14 languages, with service and support available 24x7 worldwide, and proven 99.999% reliability. Postini is consistently rated as the top message security vendor in independent magazine, test lab, and analyst reviews.

No comments: