10th
July
2007
Google to buy e-mail security company for $625 million
Google said on Monday it has agreed to acquire e-mail security company Postini for $625
million expanding its package of online applications to compete with Microsoft's Office software.
Google said its Google Apps has been adopted by more than 100,000 businesses to date.
"With this transaction, we're reinforcing our commitment to delivering compelling hosted applications to businesses of all sizes," said Google Chief Executive Eric Schmidt in a statement.
Google said Postini will become a wholly owned subsidiary. The deal is expected to close by the end of the third quarter.
Even Postini has put up on their homepage(title too) too have a look. Postini
When we search on Google…here's a screenshot..have a look.
via [ zdnet ]