Monday, 09 July 2007

Google to buy Web security co Postini for $625 mln

(Reuters) - NEW YORK, July 9 - Google Inc. said on Monday it has agreed to buy Web-based security provider Postini for $625 million, expanding its package of online applications to compete with Microsoft Corp.'s Office.



Postini provides security and encryption services, protecting instant messaging, e-mail and other communications, to more than 35,000 businesses and 10 million users worldwide. Google said the deal would enable it provide organizations with more Web-based services similar to its Google Apps package, which includes its e-mail service Gmail, Calendar, and Talk, its messaging service.


Read more at Reuters.com Mergers News

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