Google to accumulate cloud storage firm Elastifile – EAST AUTO NEWS

Google to accumulate cloud storage firm Elastifile

Thomas Kurian, the incoming head of Google Cloud and previously president of product improvement at Oracle, speaks on the Oracle OpenWorld convention in San Francisco on Sept. 24, 2013.

David Paul Morris | Bloomberg | Getty Photographs

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 mentioned it’s anticipated to shut later this yr. Shares of Alphabet, its father or mother firm, had been comparatively flat throughout morning buying and selling.

Google has been trying to develop its cloud enterprise beneath Kurian, who joined the staff 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. In line with 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 accumulate knowledge analytics firm Looker for $2.6 billion in what could be Kurian’s first main acquisition on the firm. The Elastifile deal provides much more know-how to Google Cloud’s providing. Google mentioned Elastifile can be built-in with Google Cloud Filestore, permitting for broader computing and storage capabilities.

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Google to accumulate cloud storage firm Elastifile – EAST AUTO NEWS


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