What Will Twitter Do With Its Latest Acquisition?

Twitter has purchased Posterous, a group conversation tool, but says it has no plans to disrupt the company’s product, Posterous Spaces. Financial terms of the deal were not disclosed.

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Posterous announced that it would provide the public with “ample notice” of any changes or interruptions to their product, and will provide users with instructions for exporting content to another service. Posterous employees will join Twitter and work on several key initiatives.

Posterous was once a blogging service competing with Tumblr. As of last September, Posterous had 15 million monthly users, with 3 million of its users accessing its product solely through email. Posterous has raised $10 million from backers, including Redpoint Ventures, Trinity Ventures, Jafco Ventures, and Y Combinator.

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To contact the reporter on this story: Diallah Haidar at staff.writers@wallstcheatsheet.com

To contact the editor responsible for this story: Damien Hoffman at editors@wallstcheatsheet.com

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