Blogging platform Posterous has been acquired by Twitter. Terms of the deal were not disclosed. Twitter released a statement saying that it will be bringing the Posterous team on board and continue to keep Posterous Spaces alive. Terms of the deal were not disclosed.
Posterous is backed by Y Combinator, Redpoint Ventures and Trinity Ventures, plus a group of angel investors. The business was founded by Sachin Agarwal in 2005.
Posterous announcement:
The opportunities in front of Twitter are exciting, and we couldn’t be happier about bringing our team’s expertise to a product that reaches hundreds of millions of users around the globe. Plus, the people at Twitter are genuinely nice folks who share our vision for making sharing simpler.
Posterous Spaces will remain up and running without disruption. We’ll give users ample notice if we make any changes to the service. For users who would like to back up their content or move to another service, we’ll share clear instructions for doing so in the coming weeks.
You can find more information answers to other questions you may have here.
Finally, we’d like to offer thanks to all of our users, especially those who have been with Posterous since day one. The last four years have been an amazing journey. Your encouragement, praise and criticism have made us better. Thanks for that. We look forward to building great things for you over at Twitter.
USA, San Francisco
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