Alphabet acquires Postini

Alphabet acquired Postini for $625,000,000, a transaction completed in September 2007, structured as All-cash acquisition; Postini became a wholly owned subsidiary of Google.

Postini operates in Enterprise / Google Apps security & compliance. Google agreed to acquire Postini, a provider of on-demand communications security and compliance services including message security, archiving, encryption, and policy enforcement for email, IM, and other web-based communications, serving over 35,000 businesses and 10 million users. Google paid $625 million in cash and folded Postini's capabilities into Google Apps to give enterprise customers stronger security and compliance. Announced July 9, 2007; closed September 13, 2007.

Address enterprise concerns about security and compliance for hosted applications by combining Postini's protection with Google Apps.

With this transaction, we're reinforcing our commitment to delivering compelling hosted applications to businesses of all sizes.Eric Schmidt, Chairman and CEO, Google

Advisory firms were not disclosed for this transaction.

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