Google planning to Buy Data Migration Company Alooma in Cloud Push
Google is trailing from Microsoft and Amazon in the rapid-growing business of aiding companies to move to the cloud, with Google Cloud having 8.5 percent of worldwide cloud market share by the end of 2018; according to Canalys.
Alphabet Inc's Google said that it would buy data migration company Alooma, as per its plan to keep up with bigger cloud service rivals Microsoft Corp and Amazon.com Inc. Google is trailing behind Microsoft and Amazon in the rapid-growing business of aiding companies to move to the cloud; the Google Cloud holds 8.5% of worldwide cloud market share by the end of 2018; according to Canalys.
Jeff Bezos's Amazon’s Web Services had a 31.7 % share, and Microsoft Azure was holding 16.8 % during the same period according to the market research firm. Google hired former Oracle Corp product head Thomas Kurian acting as the chief executive officer(CEO) of the cloud division in November.
Alooma which is Headquartered in Redwood City(California) is helping enterprise companies smooth their database migration in the cloud with a tool that enables transferring data from various sources to a single data warehouse.
The company has raised about $15 million from investors which includes prominent venture funds such as Lightspeed and Sequoia Capital according to Crunchbase. Google did not divulge the terms of the deal.