22.6 C
Abuja
September 24, 2021
BELT
Business Investment

Google Cloud makes another acquisition under new CEO Thomas Kurian, swooping up the Dell-backed cloud storage company Elastifile

Goggle announced on Tuesday that it was set to acquire the cloud storage company Elastifile for an undisclosed amount. Elastifile focuses on file storage for enterprise applications in the cloud. News of the deal comes one month after Google Cloud announced it would acquire the data analytics company Looker for $2.6 billion.Google Cloud has announced another acquisition under the watch of its new CEO Thomas Kurian. On Tuesday, Google said it was set to acquire the cloud storage company Elastifile for an undisclosed amount. The deal is expected to be finalized later this year. Elastifle which focuses on file storage for enterprise applications in the cloud — was founded in 2013 and had 100 employees as of 2017, according to Pitchbook. In total, the company had raised $74 million from investors including Dell Technologies Capital, Western Digital Capital, Lightspeed Venture Partners, and Battery Ventures. News of the Elastifile deal comes one month after Google Cloud announced it would acquire the data analytics company Looker for $2.6 billion. Also, in late June, Kurian’s Cloud division said it would absorb Chronicle, previously a stand-alone subsidiary of Alphabet, to bulk up its cybersecurity offering. The merger and acquisition strategy was expected of Kurian when he stepped into his role as Google’s Cloud chief earlier this year after 22 years at Oracle. Google still remains a distant third behind Microsoft and Amazon when it comes to enterprise cloud market share, though its recent string of additions could help accelerate its growth. 

Related posts

4 Reasons Career Agility is a Must and How to Get There

BELT NG

To Better Understand Innovation, Measure The Right Things

Faith Amarachi Isaac,

Bill Gates says today’s big tech companies have learned from Microsoft’s mistakes in its big antitrust battle

BELT NG

Leave a Reply

×

BELT Support

× BELT Support