Google to acquire data migration company Alooma to compete against rival companies Amazon, Microsoft
Alooma is a leading company that helps enterprise customers to streamline database migration in the cloud and move their data from multiple sources to a single data warehouse.
Google on Tuesday announced that it will acquire Silicon Valley data migration company Alooma to grow its cloud business service in its latest efforts to compete with its rivals Amazon and Microsoft. According to the tech giant, Alooma is a leading company that helps enterprise customers to streamline database migration in the cloud and move their data from multiple sources to a single data warehouse.
"The addition of Alooma allows us to offer customers a streamlined, automated migration experience to Google Cloud, and give them access to our full range of database services," Xinhua quoted Google as saying.
See Zee Business video below:
GST काउंसिल की अहम बैठक आज, जानिए बैठक में किन बातों पर रह सकता है फोकस।#GSTCouncilMeet @priyadarshi108 @deepaliranaa @AnilSinghviZEE pic.twitter.com/AC1J5sJ2qI
— Zee Business (@ZeeBusiness) February 20, 2019
Google is going to leverage Alooma's deep expertise for both enterprise and open source databases to build its additional but critical migration capabilities within Google Cloud Platform.
Both Google and Alooma, which is based in Israel and California, did not disclose details of the transaction, which is subject to regulatory approvals.
Alooma`s co-founders Yoni Broyde and Yair Weinberger wrote in a blog post on Tuesday that the acquisition is the evolution of their long-standing partnership with Google Cloud.
"Joining Google Cloud will bring us one step closer to delivering a full self-service database migration experience bolstered by the power of their cloud technology, including analytics, security, AI, and Machine Learning," they said.
Alooma has been a partner of Google`s Cloud Spanner, the Internet giant`s a globally distributed database platform, since 2017.
Get Latest Business News, Stock Market Updates and Videos; Check your tax outgo through Income Tax Calculator and save money through our Personal Finance coverage. Check Business Breaking News Live on Zee Business Twitter and Facebook. Subscribe on YouTube.
RECOMMENDED STORIES
Senior Citizen Latest FD Rates: Know what major banks like SBI, PNB, Canara Bank, HDFC Bank, ICICI Bank are providing on fixed deposits
Gratuity Calculator: Rs 38,000 as last-drawn basic salary, 5 years and 5 months of service; what will be gratuity amount?
Retirement Planning: In how many years your Rs 25K monthly SIP investment will grow to Rs 8.8 cr | See calculations
Top 5 Small Cap Mutual Funds with best SIP returns in 1 year: See how Rs 25,000 monthly investment has grown in each scheme
Top 7 SBI Mutual Funds With Best SIP Returns in 1 Year: Rs 25,000 monthly SIP investment in No.1 fund has jumped to Rs 3,58,404
SBI 5-Year FD vs MIS: Which can offer higher returns on a Rs 2,00,000 investment over 5 years? See calculations
08:25 AM IST