Google Acquires Postini
Mountain View-based Google announced this morning that it is in a definitive agreement to acquire San Carlos-based Postini, a developer of email filtering and other security and compliance products. The deal is worth $625M in cash. Postini operates a hosted service for filtering out spam and other unwanted email systems, along with web security, archiving, and instant messaging security products. Postini will become a wholly owned subsidiary of Google. Postini is venture backed by August Capital, Bessemer Venture Partners, Mobius Venture Capital, Pacifica Fund, Summit Accelerator Partners, and Sun Microsystems.
posted on Monday, July 9, 2007
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