Postini to be Acquired by Google (not a search engine)
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 pace of acquisitions (and hirings) at Google is phenomenal. Do they really buy a company a week? As Google moves beyond being simply a search engine, what is it becoming?
Tags (byo w/ TagBuildr): google apps, postini, goog