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Tech Giant Google to Buy Data Analytics Firm Looker for $2.6 bn

Google Cloud’s BigQuery and associated data infrastructure, together with Looker’s platform for innovative data solutions, will help to solve the business problems with data at an entirely different scale and value point

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FILE - A woman walks past the logo for Google at the China International Import Expo in Shanghai, Nov. 5, 2018. VOA

Google has said that it is going to purchase data analytics startup Looker in a $2.6 billion all-cash deal to better tap into data and Cloud computing business.

Google said Looker will join Google Cloud after the acquisition is closed, which will provide customers with a more comprehensive analytics solution and allow enterprises to leverage the power of analytics, Machine learning (ML) and Artificial Intelligence (AI).

Google Cloud has been widely used by many leading enterprises and organisations in the world for analytics and decision-making, Xinhua news agency reported.

“The combination of Google Cloud and Looker will enable customers to harness data in new ways to drive their digital transformation,” CEO of Google Cloud Thomas Kurian said.

He added Google will remain committed to its multi-cloud strategy and will retain and expand Looker’s capabilities to analyse data across clouds.

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A man walks past a Google sign outside with a span of the Bay Bridge at rear in San Francisco, May 1, 2019. VOA

The deal has been Google’s biggest acquisition since it bought smart home company Nest, a firm funded by Google parent Alphabet, at a cost of $3.2 billion in 2014.

“The combination of Looker and Google Cloud advances the mission that we undertook from the beginning — to empower humans through the smarter use of data,” Looker CEO Frank Bien said.

Google Cloud’s BigQuery and associated data infrastructure, together with Looker’s platform for innovative data solutions, will help to solve the business problems with data at an entirely different scale and value point, Bien added.

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Looker has been a close partner of Google Cloud for more than four years and through such a partnership, the two companies have shared more than 350 joint customers, such as Buzzfeed, Hearst, King, Sunrun, WPP Essence and Yahoo, Bien said.

“This is not, by any means, the end for Looker, but simply the closing of our first chapter with many more to come,” Bien said, pledging to continue creating value for thousands of additional customers across the globe. (IANS)

Next Story

Cyber-Security Project of Google Named ‘Chronicle’ Imploads in Trouble

Originally announced as an independent start up in early 2018 by Google's parent company Alphabet, Chronicle was was supposed to "revolutionise" cybersecurity

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One of the reasons why Chronicle was folded back into Google is the fact that staff compensation became a sore point. Pixabay

Cybersecurity project of Google named “Chronicle” is imploding in trouble and some employees feel its management “abandoned and betrayed” the original vision, media reports said.

Chronicle’s CEO and Chief Security Officer have already left and the Chief Technology Officer is leaving later this month while other key officials are eyeing an exit, according to the Motherboard.

In June this year, Chronicle lost its status as an independent entity when it formally joined Google to become part of its Cloud security offerings.

One of the reasons why it was folded back into Google is the fact that staff compensation became a sore point, because Google reportedly didn’t adjust Chronicle staffers’ salaries and stock packages, which were lower than those for other Google employees.

Originally announced as an independent start up in early 2018 by Google’s parent company Alphabet, Chronicle was was supposed to “revolutionise” cybersecurity.

Chronicle
Cybersecurity project of Google named “Chronicle” is imploding in trouble and some employees feel its management “abandoned and betrayed” the original vision. Pixabay

It was supposed to be an independent start up with its own contracts and policies — at least, that’s what CEO Stephen Gillett wrote when the business was launched.

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Employees have left because of a combination of Chronicle losing its original vision, a distant CEO, a lack of clarity about Chronicle’s future, and disappointment that the start-up has been swallowed into Google, according to interviews with five current and former employees, the Motherboard report added. (IANS)