Google to acquire Postini for £312m

Search giant Google stumps up £312 million for hosted security services firm Postini

Google is set to branch out into the IT security market, buying IT security services company Postini for $625 million (312 million) in cash.

The deal will see the security company become a wholly owned subsidiary of the search giant and Google will use Postini's products and services to secure its existing web-based products. The deal is expected to complete at the end of the third quarter this year and is subject to customary closing conditions. Postini sells hosted security products such as email security, IM security, message archiving and encryption as well as policy-enforced TLS.

Google's chief executive Eric Schmidt said that the deal reinforced his company's commitment to hosted applications and their security.

"With the addition of Postini, our apps are not just simple and appealing to users - they can also streamline the complex information security mandates within these organizations," said Schmidt.

Advertisement - Article continues below
Advertisement - Article continues below

Dave Girouard, vice president and general manager at Google Enterprise said that large businesses have been reluctant to move to hosted applications over security and compliance problems. "By adding Postini products to Google's technology, businesses no longer have to choose - employees get the intuitive products they want, and the company achieves the security and assurance it needs," he said.

Google has assured customers using Postini's products and services that the search giant has no plans to change Postini's current product line up.

"We share a commitment to providing enterprise customers with compelling technology alternatives. This is an exciting milestone, one that will certainly lead to the next level of rapid innovation," said Quentin Gallivan, president and chief executive of Postini.

Featured Resources

What you need to know about migrating to SAP S/4HANA

Factors to assess how and when to begin migration

Download now

Your enterprise cloud solutions guide

Infrastructure designed to meet your company's IT needs for next-generation cloud applications

Download now

Testing for compliance just became easier

How you can use technology to ensure compliance in your organisation

Download now

Best practices for implementing security awareness training

How to develop a security awareness programme that will actually change behaviour

Download now


internet security

Avast and AVG extensions pulled from Chrome

19 Dec 2019

Google confirms Android cameras can be hijacked to spy on you

20 Nov 2019

Most Popular

data governance

Brexit security talks under threat after UK accused of illegally copying Schengen data

10 Jan 2020
cyber security

If not passwords then what?

8 Jan 2020
Policy & legislation

GDPR and Brexit: How will one affect the other?

9 Jan 2020
web browser

What is HTTP error 503 and how do you fix it?

7 Jan 2020