Google to purchase analytics software firm Looker at a $2.6 billion deal


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Google to purchase analytics software firm Looker at a $2.6 billion deal

On Thursday, the 6th of June 2019, Alphabet Inc.’s search engine giant, Google LLC., an American multinational tech tycoon headquartered in Menlo Park, California, had issued a statement saying that the company would purchase a privately held big-data analytics company, Looker, at a $2.6 billion all-cash buyout deal, remarking the first major acquisition of new Google Cloud Chief Executive Thomas Kurian.

World’s second-largest internet service provider in terms of revenue generation, Google LLC.’s cloud computing division, ranked third in the world, seemed to be getting too far behind of its rival Microsoft Corp.

and Amazon.com Inc. in terms of revenue generation from renting infrastructure and other tools to businesses. None the less, according to cloud industry analysts, the BigQuery, a tool for managing large datasets, had been among the very few bright spots for Google Cloud in recent months.

Following Google Cloud’s latest acquisition, Kurian had been quoted saying to the press that doubling down efforts on data analytics made sense as he had long been seeking to fill the gaps in his unit. Besides, adding that Looker and Google had similar cultures and shared more than 350 customers worldwide including Blue Apron Holdings Inc., Hearst Communications Inc., Kurian said to the reporters, “When we looked at how do we broaden our portfolio, [data and analytics] is a segment where we have strength. Looker is complementary and completes our analytics foundation”.