Google Acquires Security and Enterprise Solutions Company - Postini
The latest company to join Google is on-demand communications security and compliance solutions Postini. The deal was sealed today with Google purchasing Postini for a hefty sum of $625 million according to a Google official press release. Postini is currently serving 35,000 business and 10 million users worldwide. None other than Google’s CEO, Eric Schmidt explains the reason for the acquisition of Postini:With this transaction, we’re reinforcing our commitment to delivering compelling hosted applications to businesses of all sizes. With the addition of Postini, our apps are not just simple and appealing to users — they can also streamline the complex information security mandates within these organizations.
On Postini’s side, President and CEO Quentin Gallivan explain that:As the market leader in on-demand secure communications and compliance solutions, Postini complements Google perfectly. We share a commitment to providing enterprise customers with compelling technology alternatives. This is an exciting milestone, one that will certainly lead to the next level of rapid innovation.With the acquisition of Postini, Google is hoping to strengthen its
Source: Search Engine Journal