Google Cloud is preparing to close its $2.4 billion acquisition of data analytics company Looker, and CEO Thomas Kurian says it will make more acquisitions 'when the time is right'
the biggest acquisition by CEO Thomas Kurian. And to hear Kurian talk, it seems like he's not done shopping yet.
At the Goldman Sachs Technology and Internet Conference in San Francisco on Tuesday, Kurian described how vital acquisitions are to Google Cloud's overall strategy, which is focused squarely on catching up to larger rivals Microsoft and Amazon in the cloud market. "We look at our ability to expand our reach through complementary products in the market segments we're in, and one of the benefits of scaling our direct and indirect distribution is when we acquire something, we now have a much more scaled distribution channel through which to inject the technology into market, thereby allowing us to accelerate things," Kurian said.
According to a recent filing by Google Cloud's parent company Alphabet, the $2.4 billion acquisition of Looker is almost through all of the regulatory hurdles and on track to close soon.the Looker acquisition is a shot at Microsoft, Amazon, and Oracle, which all have competitive offerings. But Google Cloud has been busy making a string of smaller, less high-profile acquisitions on Kurian's watch too.
Malaysia Latest News, Malaysia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Google Cloud CEO Thomas Kurian lays out plan to take on AWS, Microsoft - Business InsiderGoogle Cloud CEO Thomas Kurian lays out his master plan for taking on Amazon and Microsoft and says deals over $50 million have more than doubled in 2019
Read more »
Google takes on EU in court over record antitrust finesGoogle will on Wednesday seek to overturn the first of three hefty European Unio...
Read more »
Google Head Of HR Eileen Naughton To Step Down Amid Unrest At Tech TitanGoogle’s head of human resources, Eileen Naughton, is stepping down from her role as tensions between employees and leaders at the company once renowned for its culture have continued to rise.
Read more »
Google Health, the company's newest product area, has ballooned to more than 500 employeesGoogle Health now has 500 to 1,000 employees, and it's the newest product area at the company since hardware.
Read more »
FTC looking at past acquisitions by Amazon, Facebook, Google, others - Business InsiderThe FTC is looking into past acquisitions by Amazon, Apple, Facebook, Microsoft, and Google-parent Alphabet as it ramps up antitrust inquiries
Read more »
FTC will review M&A deals by Amazon, Apple, Facebook, Google and MicrosoftAs part of an antitrust review, the Federal Trade Commission is asking for more information about deals that involved five tech giants -- Amazon, Apple, Facebook, Google and Microsoft -- buying up potential competitors.
Read more »