- Last year, Google Cloud announced that it would take over the data analysis company Looker and smaller companies such as Alooma, Elastifile and CloudSimple.
- At Goldman Sachs' technology and internet conference on Tuesday, Thomas Kurian, CEO of Google Cloud, said that acquisitions are an opportunity for the company to expand its reach.
- Kurian also said that Google Cloud is not dependent on the growth of acquisitions, but will make acquisitions "appropriately at the right time".
- Further information can be found on the Business Insider homepage.
It's been about nine months since Google Cloud announced it would take over data analytics company Looker, the largest acquisition by CEO Thomas Kurian. And to hear Kurian speak, it seems he hasn't finished shopping yet.
At Goldman Sachs' technology and internet conference in San Francisco on Tuesday, Kurian explained the importance of acquisitions for Google Cloud's overall strategy to reach its larger competitors, Microsoft and Amazon, in the cloud market.
"We look at our ability to expand our reach through complementary products in the market segments in which we operate, and one of the advantages of scaling our direct and indirect distribution is that by scaling something up, we are scaling it up a lot more Distribution channels have to bring the technology to the market, which allows us to speed things up, "said Kurian.
According to a recent announcement from Google cloud parent company Alphabet, the $ 2.4 billion Looker acquisition has passed almost all regulatory hurdles and is nearing completion. Analysts have found the Looker acquisition represents an opportunity for Microsoft, Amazon and Oracle, all of which offer competitive deals.
But Google Cloud was also busy making a number of smaller, lesser-known acquisitions on Kurian's watch.
In addition to Looker, Google Cloud also announced the acquisition of the data migration startup Alooma, the cyber security company Chronicle from Alphabet, the file storage company Elastifile and the VMware partner CloudSimple. Google Cloud recently announced that it’s purchasing AppSheet, which will make it easier for users to create mobile apps.
Last year, the company completed acquisitions totaling $ 1 billion based on Alphabet's recent 10K filing. This number includes transactions made by Google Cloud and other companies that are part of Alphabet.
When Kurian first took the lead as CEO, analysts said that due to his background at Oracle, he would likely make some major acquisitions, which makes M&A a big part of his strategy. So far, it has met expectations.
Still, said Kurian, Google Cloud doesn't rely entirely on acquisitions
"We are very focused on implementing our plan," Kurian told the audience. "We don't need acquisitions to grow. We obviously showed that, and we will make acquisitions appropriately when the time is right."
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