Google to Acquire Postini

Cor blimey gov.


Source: http://www.postini.com/news_events/pr/pr070907.php

OUNTAIN 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.

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