Micro-blogging website Twitter has acquired Posterous, the company that lets users post to their blog via email.
Posterous, launched in May 2008 by founder and CEO Sachin Agarwal, took some time to gain traction, but now boasts a robust 15 million monthly users. Both Twitter and Posterous announced the acquisition on Monday and that the team that developed Posterous Spaces would continue their work at the micro-blogging company. TechCrunch’s Crunchbase reports that Posterous “Emerged from Y Combinator”, a venture fund that puts seed money into startup companies, in 2008.
Twitter said in its blog post announcing the acquisition that the popular Posterous Spaces will continue to operate as usual, and for users who want to back up their blogs or switch to a new service, they will provide instructions over the next few weeks. Twitter said the Posterous team “has built an innovative product that makes sharing across the Web and mobile devices simple – a goal we share. Posterous engineers, product managers, and others will join our team working on several key initiatives that will make Twitter even better.” The two companies did not provide details on what projects the Posterous team will be working on.
Posterous founder and CEO Sachin Agarwal was effusive about the acquisition, writing on his Spaces blog that the day Twitter bought Posterous was “one of the greatest days of my entire life.” Agarwal, who graduated from Stanford University in 2002 with a degree in Computer Science, then worked at Apple for six years before starting up Posterous, said: “The people at Twitter are genuinely nice folks who share our vision for making sharing simpler. Everyone is passionate, excited, and truly believes in the product and the leadership.” Agarwal said he will be working as a product manager at Twitter.
Agarwal said in his post that there are similarities between the way Apple and Twitter work. “Apple and Twitter have a lot in common: a great sense of product and design, amazing leadership, phenomenal growth, and a great culture. It’s fitting to be going to the only company Apple chooses to integrate deeply with. Apple has definitely picked a side in social networking, and it’s Twitter.”
Agarwal here talks about Posterous Spaces on its launch in September, 2011: