US-based technology giant Google has signed a new purchase for cloud service. In this context, data analysis company Looker joined Google.
Google has finally completed the ongoing process of purchasing Looker months ago. Looker, the US-based computer software company, will serve under the umbrella of Google, with a sales price of $ 2.6 billion.
As you know, Google announced in June 2019 that it plans to incorporate the data analytics start-up into Looker. The acquisition took place after research by the UK competition observer. Before this transaction, Looker’s value increased by more than $ 280 million.
Looker will be added to Google Cloud. So much so, speaking at a conference this month, CEO of Google Cloud, Thomas Kurian, said they were focused on catching huge competitors in the cloud market, such as Amazon and Microsoft.
The importance of Looker for Google
It is very important that Looker is purchased by Google. The U.S.-based company will help develop BigQuery, which is used to manage large data sets that work with Google Cloud Storage.
The acquisition was completed after being reviewed by the UK Competition and Markets Authority (CMA). Both CMA and the U.S. anti-monopolistic authorities have concluded that the acquisition will not increase prices or damage competitors’ access to data.
Founded in California in 2012, Looker is a data discovery and business intelligence platform to help companies analyze and share real-time business analytics with over 300 customers, including Yahoo, GitHub, Deliveroo and HubSpot.
The company also received funding from investors such as Redpoint, Meritech Capital Partners, First Round Capital, Kleiner Perkins, CapitalG and PremjiInvest.
Looker will be merged with Google Cloud
“We are excited to offer customers a comprehensive analysis solution that integrates and visualizes information at every layer of their business,” said Thomas Kurian in a blog post.
Stating that hundreds of partner customers already trust Google Cloud and Looker, Kurian said in his article: “We believe that by gathering together, we will have a unique position to address the demands for more business data analysis and business intelligence in all industries globally.”
Kurian also stressed that Looker believes that it will strengthen Google Cloud’s analytics and storage capabilities. “Joining Google Cloud gives us better access, empowering our resources, and bringing together the best ideas in both analytics and cloud infrastructure,” says Looker CEO Frank Bien. he spoke.