Fenwick & West LLP represented Postini, Inc. in its recently announced acquisition by Google Inc. (NASDAQ: GOOG). Postini, based in San Carlos, CA, is a provider of on-demand communications security, compliance and productivity solutions for email, instant messaging and the web. Google will pay approximately $625 million in cash for Postini, subject to working capital and other adjustments. The transaction is subject to closing conditions, and is expected to close by the end of the third quarter 2007.
More information about the transaction can be obtained from the Google Web site.
The Fenwick & West transaction team included corporate attorneys Jeff Vetter, Craig Menden, Guy Ladetzky and Aaron Hou; executive compensation and employee benefits attorneys Blake Martell, Elizabeth Gartland and Mona Clee; technology transactions attorneys Lisa Kenkel and Ben Longoria; antitrust attorney Mark Ostrau; and tax attorneys Ward Connolly and Tim Fitzgibbon.
Fenwick & West provides comprehensive legal services to technology and life sciences clients of national and international prominence. The firm is ranked by MergerMarket as one of the top 5 technology M&A practices in the U.S. and by Corporate Board Member as one of the top 5 corporate law firms in northern California for publicly traded companies.