M&A Deal Summary

Google Acquires Postini

On July 9, 2007, Google acquired internet software and services company Postini from Summit Partners for 625M USD

Acquisition Highlights
  • This is Google’s 19th transaction in the Internet Software and Services sector.
  • This is Google’s 16th largest (disclosed) transaction.
  • This is Google’s 33rd transaction in the United States.
  • This is Google’s 23rd transaction in California.

M&A Deal Summary

Date 2007-07-09
Target Postini
Sector Internet Software and Services
Buyer(s) Google
Sellers(s) Summit Partners
Deal Type Add-on Acquisition
Deal Value 625M USD

Target

Postini

Mountain View, California, United States
Postini is a provider of on-demand communications security, compliance, and productivity solutions for email, instant messaging, and the web. Postini's services are designed to protect customers from viruses, spam, phishing, fraud, and other attacks; encrypt messages to ensure confidentiality and privacy; and archive communications to ensure compliance with regulations and to prepare for e-discovery.

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Buyer(S) 1

Buyer

Google

Mountain View, California, United States

Category Company
Founded 1998
Sector Internet Software and Services
Employees190,234
Revenue 350.0B USD (2024)
DESCRIPTION
View of Google's corporate campus in Mountain View, California.
View of Google's corporate campus in Mountain View, California.

Google is a global provider of search and advertising services. In addition to its search engine, Google offers online tools and platforms including: Gmail, Google Apps, Google Maps, and YouTube. Google was incorporated in 1998 and is based in Mountain View, California.


DEAL STATS #
Overall 42 of 227
Sector: Internet Software and Services M&A 19 of 104
Type: Add-on Acquisition M&A Deals 40 of 218
State: California M&A 23 of 115
Country: United States M&A 33 of 179
Year: 2007 M&A 11 of 14
Size (of disclosed) 16 of 58
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2007-07-02 GrandCentral Communications

Fremont, California, United States

GrandCentral Communications manage phones and phone numbers through a Web-based voice communications platform.

Buy $45M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2007-07-20 Image America

Towson, Maryland, United States

ImageAmerica is an aerial photography company.The company specialized in creating aerial photos with "accuracy, quick delivery and low cost". It previously sold its services primarily to city, county, state, and federal governments and to corporate customers.

Buy -

Seller(S) 1

SELLER

Summit Partners

Boston, Massachusetts, United States

Investor Investor Investor Investor Investor


Category Growth Capital Firm
Founded 1984
PE ASSETS 45.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Summit Partners is a private investment and asset management firm focused on venture, growth, credit, and public equity investing. Sectors of interest include business services, communications technology and services, consumer products, energy, financial services, healthcare and life sciences, industrial products, internet/information services, media/entertainment, semiconductors, electronics, and software. Summit Partners is known for having a proactive business development group for sourcing transactions. Summit will consider both minority or majority investment stakes and is willing to commit as little as $10 million or as much as $500 million in combined debt/junior capital per transaction. The Firm's geographic coverage spans North America and Europe. Summit Partners was formed in 1984 and is headquartered in Boston, Massachusetts.


DEAL STATS #
Overall 132 of 298
Sector: Internet Software and Services M&A 6 of 31
Type: Add-on Acquisition M&A Deals 58 of 134
State: California M&A 40 of 64
Country: United States M&A 128 of 258
Year: 2007 M&A 6 of 12
Size (of disclosed) 13 of 51
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2007-06-21 Nomacorc

Zebulon, North Carolina, United States

Nomacorc engineers synthetic wine closures to prevent cork taint, oxidation and crumbling, providing a long-term solution at a lower price than a traditional wine cork. Nomacorc is based in Zebulon, North Carolina.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2007-07-12 Autobase

Indianapolis, Indiana, United States

Autobase provides customer relationship management and sales force automation solutions for the U.S. retail automotive industry.

Sell -