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Google Acquires Postini For $625 Million

Tuesday, July 10, 2007 5:00:00 AM PDT | VentureDeal Staff
MOUNTAIN VIEW, CA -- Internet search company Google (Nasdaq: GOOG) announced the acquisition of Postini for $625 million in cash.

Postini allows enterprises to manage, secure and archive their email communications from one central application.  The software is hosted as an on-demand service and claims to serve more than 35,000 businesses and 10 million users worldwide.

The transaction will result in Postini being a wholly-owned subsidiary of Google.  It will continue to operate as a separate entity, however Google states that there will be  some form of integration with Google Apps.

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