Google to amass cloud storage firm Elastifile
Google Cloud is making one other acquisition beneath new CEO Thomas Kurian. The corporate introduced on Tuesday that it plans to purchase cloud storage vendor Elastifile.
Google didn’t put a price ticket on the deal in its launch, however stated it’s anticipated to shut later this yr. Shares of Alphabet, its mum or dad firm, had been comparatively flat throughout morning buying and selling.
Google has been seeking to increase its cloud enterprise beneath Kurian, who joined the crew in November, changing earlier Google Cloud CEO Diane Greene. Google has lagged behind cloud leaders Amazon and Microsoft, which every maintain a big chunk of the market. Based on a report from Canalys, Google had 7.6% of the cloud market share on the finish of 2018 in contrast with 13.7% for Microsoft and 32% for Amazon.
In June, Google introduced plans to amass knowledge analytics firm Looker for $2.6 billion in what can be Kurian’s first main acquisition on the firm. The Elastifile deal provides much more expertise to Google Cloud’s providing. Google stated Elastifile might be built-in with Google Cloud Filestore, permitting for broader computing and storage capabilities.
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Watch: Google Cloud CEO Greene being changed by Oracle exec Thomas Kurian