Google is making a $2.6 billion bet on the cloud

New York (CNN Business)Google and its parent company Alphabet (GOOGL) are making a multi-billion bet on the cloud.

“Google Cloud is being used by many of the leading organizations in the world for analytics and decision-making,” Thomas Kurian, CEO of Google Cloud, said in a statement Thursday. “The combination of Google Cloud and Looker will enable customers to harness data in new ways to drive their digital transformation.”
It’s Google’s biggest acquisition since Kurian, a former Oracle (ORCL) executive, was hired late last year to oversee the Google Cloud unit. Kurian previously said Google Cloud would be “competing much more aggressively” under his leadership as it vies for a bigger piece of the fast-growing cloud computing market.
    At the moment, Amazon (AMZN) and Microsoft (MSFT) are generally seen as the two leaders in the market, with the success of Amazon Web Services (AWS) and Azure, respectively. AWS brought in more than $25 billion in revenue in 2018. Alphabet does not break out cloud revenue.
    Looker was founded in 2012 with the goal of building a platform “that easily integrates all of a business’s data and then allows it to be melded to specific work processes in a way where users can do more with it and solve higher-value problems,” according to a blog post from the company’s CEO.
    The company received funding from a number of prominent investors, including Kleiner Perkins, Goldman Sachs and CapitalG, a venture capital arm of Google’s parent company.
      The Looker acquisition is expected to be completed later this year and may be subject to regulatory approvals.
      The deal comes against the backdrop of mounting antitrust scrutiny of Google and other tech giants, which is expected to give these companies and startups more pause in entering into big ticket acquisitions. While Google has dominant positions in search and digital advertising, it is still playing catchup in the cloud.

      Original Article : HERE ; The Ultimate Survival Food: The Lost Ways


      Latest Discounts
    • Use Easy Backlinks to save time, automate your website's content and engage your followers.
    • Put small animated peel image at the top corner right or left on webpage
    • Learn How To Spot Iffy Sources And Recognize Author Bias.
    • Profiting From Horses Is SIMPLE When You Do It Right.
    • Get The Top 12 Fat Burning Workout Challenge From Transformation Expert Jeremy Scott...
    • The Best RSS Autoblog Tool For Blogger Blogspot Blog.
    • Lay Betting is betting on a horse in any given race not to win - to not come in first place.
    • Watch how magic submitter pushes you to the top of google sends you qualified traffic.
    • Get premium dividend data for stocks going ex-dividend each month.
    • learn how to make money from 8 to 800 per month using google adsense.
    • Packed full of the info you need for profitable horse racing
    • Get Laid By Simply Activating a Woman's Natural Sexual Programming
    • Discover what really works online with two of the worlds top marketers.
    • Win at Roulette in the short term and the long term using this roulette strategy.
    • Learn How to Dominate Online Poker From Top Poker Pro Jonathan Little.
    • OverPower Your SEO Competition. Get 1 Google Rankings.
    • Bookie Buster: Discover The Tips and Tricks That Sportsbook Owners Are Hiding from You
    • Shows you exactly what you need to know and will increase your win percentage in any maiden race
    • Clickbank Ads
       
       


      RELATED PRODUCTS
    • Profiting From Horses Is SIMPLE When You Do It Right.
    • Learn How To Spot Iffy Sources And Recognize Author Bias.
    • Use Easy Backlinks to save time, automate your website's content and engage your followers.
    • Watch how magic submitter pushes you to the top of google sends you qualified traffic.
    • Lay Betting is betting on a horse in any given race not to win - to not come in first place.
    • Packed full of the info you need for profitable horse racing
    • Discover what really works online with two of the worlds top marketers.
    • Get Laid By Simply Activating a Woman's Natural Sexual Programming
    • learn how to make money from 8 to 800 per month using google adsense.
    • Get The Top 12 Fat Burning Workout Challenge From Transformation Expert Jeremy Scott...
    • Put small animated peel image at the top corner right or left on webpage
    • Get premium dividend data for stocks going ex-dividend each month.
    • The Best RSS Autoblog Tool For Blogger Blogspot Blog.
    • Clickbank Ads