Date
17 September 2019
Google is acquiring a California-based company that helps enterprises streamline database migration in the cloud. Photo: Reuters
Google is acquiring a California-based company that helps enterprises streamline database migration in the cloud. Photo: Reuters

Google to acquire data migration firm Alooma in cloud push

Google announced on Tuesday that it will buy data migration company Alooma, an initiative that is seen as part of efforts to catch up with Amazon and Microsoft in the cloud service business.

Headquartered in Redwood City, California, Alooma helps enterprise companies streamline database migration in the cloud with a tool that enables moving data from multiple sources to a single data warehouse, Reuters reports.

The startup has raised about US $15 million from investors including leading venture funds such as Sequoia Capital and Lightspeed, according to Crunchbase.

Google did not disclose terms of the acquisition deal.

Google trails Amazon and Microsoft in cloud business, with Google Cloud holding 8.5 percent of worldwide cloud market share at the end of 2018, according to Canalys.

Amazon Web Services had a 31.7 percent share and Microsoft Azure 16.8 percent during the same period.

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