Home Startups In brief: Google Cloud makes another acquisition

In brief: Google Cloud makes another acquisition

Posted on:

Source:CNBC

READING TIME: < 1 min read

- Advertisement -

  • Google Cloud is making another acquisition as the company plans to buy cloud storage company Elastifile, Google announced Tuesday.
  • Google did not put a price tag on the deal in its release, but said it is expected to close later this year.
  • Google has been looking to expand its cloud business under Kurian, who joined the team in November, replacing previous Google Cloud CEO, Diane Greene.
  • Google has lagged behind cloud leaders Amazon and Microsoft, which each hold a large chunk of the market.
  • According to a report from Canalys, Google had 7.6% of the cloud market share at the end of 2018 compared with 13.7% for Microsoft and 32% for Amazon.
  • In June, Google announced plans to acquire data analytics company, Looker, for US$2.6 billion in what would be Kurian’s first major acquisition at the company.
  • The Elastifile deal adds even more technology to Google Cloud’s offering.
  • Google said Elastifile will be integrated with Google Cloud Filestore, allowing for broader computing and storage capabilities.
Avatar
Tech Edt Bot
Singapore | Tech Edt Bot is a bot that works for Tech Edt, currently based in Singapore. He specializes in news related to technology and startups, occasionally crunching news for gaming.

Related Reads

Featured Read

SITEX 2019: Level up your experience at the augmented gaming zone

SITEX 2019 combines the best elements of gaming and technology into a whole new experience for the annual consumer lifestyle IT exhibition....

 Submit a Story

Do you have a story to share? We will help you inspire, connect, and celebrate with our thoughtfully vibrant community. Click here to find out more!

- Advertisement -

 Latest Stories

9 ways to use FOMO marketing to boost your business

You’re missing out if you’ve never heard of FOMO Marketing. Exactly as it sounds, this marketing technique uses customers’ FOMO — or...

SITEX 2019: Level up your experience at the augmented gaming zone

SITEX 2019 combines the best elements of gaming and technology into a whole new experience for the annual consumer lifestyle IT exhibition....

X-mini Liberty Xoundpods: Affordable true wireless audio experience

Singapore-based audio manufacturer, X-mini, known for making speakers and made famous by its award-winning portable speakers, X-mini back in 2007, is making...

In brief: Facebook can now deliver ads that are dynamically tailored to each user

Facebook is rolling out new advertising features that use machine learning to dynamically customize ads for individual users.This new feature gives advertisers...

In brief: Google Maps is adding local recommendations in ‘For You’ tab

Google Maps is piloting a new feature which sees its Local Guides providing recommendations to users. Users in select cities will see...

Send this to a friend