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’ (GOOG, GOOGL)
- In the previous year, Google Cloud has announced it will acquire the information analytics company Looker, as well as smaller companies like Alooma, Elastifile, and CloudSimple.
- At the Goldman Sachs Technology and Internet Conference on Tuesday, Google Cloud CEO Thomas Kurian said that acquisitions are a way for the company to expand its reach.
- Kurian also said that Google Cloud is not based on acquisitions to grow, however it will make acquisitions “appropriately when the time is right.”
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It’s been about nine months since Google Cloud revealed it would obtain information analytics company Looker, the greatest acquisition by CEO Thomas Kurian. And to hear Kurian talk, it looks like he’s refrained from doing shopping yet.
At the Goldman Sachs Technology and Web Conference in San Francisco on Tuesday, Kurian explained how vital acquisitions are to Google Cloud’s total method, which is focused squarely on capturing up to larger competitors Microsoft and Amazon in the cloud market.
” We take a look at our capability to expand our reach through complementary items in the market segments we remain in, and one of the advantages of scaling our direct and indirect distribution is when we get something, we now have a much more scaled distribution channel through which to inject the technology into market, thus enabling us to accelerate things,” Kurian said.
According to a recent filing by Google Cloud’s moms and dad business Alphabet, the $2.4 billion acquisition of Looker is almost through all of the regulatory difficulties and on track to close soon. Analysts have actually said the Looker acquisition is a chance at Microsoft, Amazon, and Oracle, which all have competitive offerings.
But Google Cloud has actually been hectic making a string of smaller, less prominent acquisitions on Kurian’s watch too.
Besides Looker, Google Cloud likewise revealed acquisitions of the data migration start-up Alooma, Alphabet’s cybersecurity business Chronicle, the file storage business Elastifile, and the VMware partner CloudSimple Most just recently, Google Cloud announced it will acquire AppSheet, which makes it easier for people to build mobile apps.
Last year the business finished an overall of $1 billion worth of acquisitions according to Alphabet’s latest 10- K filing, a figure that consists of offers made by Google Cloud along with other organisation that become part of Alphabet.
When Kurian first took the reins as CEO, experts stated he was most likely to make some big acquisitions since of his background at Oracle, which makes M&A a big part of its method. So far, he’s measured up to expectations.
Still, Kurian stated, Google Cloud is not totally depending on acquisitions
” We are extremely focused on performing our strategy,” Kurian told the audience. “We’re not based on acquisitions to grow. We have actually clearly revealed that, and we’ll make acquisitions properly when the time is right.”
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