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Tuesday, July 10

Google Pays $625 Million For Postini

Last week I reported on Google's acquisition of GrandCentral, making it their busiest year of acquisitions to date. Well it seems Google are full steam ahead on the acquisition front, purchasing communications and security company Postini for US$625 million.

Postini's services include message security, archiving, encryption, and policy enforcement tools which can be used to protect a company's email, instant messaging, and other web-based communications platforms. Google has said Postini will become a part of Google Apps, helping to secure services such as Gmail, Google Docs, Talk, Calendar and more.

From the Google blog:
"We realized that we needed a more complete way to address these information security and compliance issues in order to better support the enterprise community. That's why we're excited to share the news that we've agreed to acquire Postini, a company that offers security and corporate compliance solutions for email, IM, and other web-based communications"
Postini currently employs 300 people and serves 35,000 businesses and 10 million people worldwide. This is Google's 12th acquisition for this year.

Posted by Matthew Elshaw at 4:49 AM GMT

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