the biggest acquisition by CEO Thomas Kurian. And to hear Kurian talk, it seems like he's not done shopping yet.
At the Goldman Sachs Technology and Internet Conference in San Francisco on Tuesday, Kurian described how vital acquisitions are to Google Cloud's overall strategy, which is focused squarely on catching up to larger rivals Microsoft and Amazon in the cloud market. "We look at our ability to expand our reach through complementary products in the market segments we're in, and one of the benefits of scaling our direct and indirect distribution is when we acquire something, we now have a much more scaled distribution channel through which to inject the technology into market, thereby allowing us to accelerate things," Kurian said.
According to a recent filing by Google Cloud's parent company Alphabet, the $2.4 billion acquisition of Looker is almost through all of the regulatory hurdles and on track to close soon.the Looker acquisition is a shot at Microsoft, Amazon, and Oracle, which all have competitive offerings. But Google Cloud has been busy making a string of smaller, less high-profile acquisitions on Kurian's watch too.
digitalmid Big Tech keeps getting bigger, as antitrust inquiries continue to multiply
Is the company in recession?
techinsider mr_jettlife might as well they slush fund anyway
Canada Canada Latest News, Canada Canada Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Source: BusinessInsider - 🏆 729. / 51 Read more »
Source: CNBC - 🏆 12. / 72 Read more »
Source: BusinessInsider - 🏆 729. / 51 Read more »