Data Analytics Company Looker To Be Soon Acquired By Google for $2.6 Billion

Thomas Kurian, CEO of Google Cloud gears up to acquiring the big data analytics company Looker for $2.6 billion in cash. The move is seen as Kurian’s first major acquisition since he joined the service in November last year. A report published by the CNBC states Kurian indicated on expanding the business by investing in a February conference where he said, “You will see us accelerate the growth even faster than we have to date.”

This venture follows Google’s previous announcement of Anthos, a product that shall help the business run on multiple clouds in addition to computing workloads. The acquisition falls only behind the company’s biggest back in 2014 when it acquired Nest, a smart home company which was also funded by Google’s parent company, Alphabet which has also been investing in Looker through capital G, its venture fund.

Google had a reportedly lesser market share at 7.6% by the end of 2018 and is eyeing in on gaining market shares from Amazon Web Services which held 32% shares making it the industry leader as reported by Canalys. The report also states Google brings in more than $1 Billion per quarter though not by breaking revenue for its cloud business but between public cloud and cloud apps. Over 350 customers have already been shared by Google through an existing partnership including BuzzFeed and Yahoo as said in its press release.

A new analytic tool is set to be made available for the cloud users of Google who said that this will help the customers in analyzing their data consistently. The business-intelligence tool by Looker works on a range of clouds including Google’s and the other databases that rival with Google like Amazon Web Service’s Redshift and Microsoft’s Azure SQL server. Kurian assured that Looker will continue to work with these databases.