Postini Officially Becomes A Google Subsidiary

In the beginning of July, we reported the $625 Million purchase of Postini by Google. Now, the official Google blog announces that now "Postini" has become a wholly owned subsidiary of Google."

"Since July 9, when we announced the agreement to acquire Postini, plenty of businesses have told us how much they respect Postini and how the acquisition makes sense for customers of both companies. We view this as welcome news, but also a sign of things to come. With the more than 100,000 businesses on Google Apps, 35,000 businesses and more than 10 million users of Postini products, we see great potential on both sides. We're committed to continue to deliver the type of innovative and useful business products our customers have come to expect. And we plan to announce even more product offerings in the very near future."

In a pdf of the two companies merger, an interesting bit was:-

• “Did this acquisition require regulatory approval?

A. The transaction was subject to normal pre-merger notification procedures in the United States and Germany.”

Apparently, "both companies shared a vision for what the world of hosted applications can become for businesses of all sizes. Together, they look forward to achieving it."

For more on the purchase, read FAQ.

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