Google attempts to increase its cloud share by buying Alooma
February 20, 2019 | Investopaper
Google reported on Tuesday that it will buy data migration company Alooma in an attempt to increase its cloud market share. This will further help them to catch up with Amazon.com and Microsoft who are leading the cloud service.
Alooma assists companies streamline database migration in the cloud along with the tool that allows data movement from multiple sources to a single data warehouse.
Google holds 8.5 percent of worldwide cloud market share till the end of 2018. Similarly, Amazon web services and Microsoft Azure hold 31.7 percent and 16.8 percent during the same period.
Also, Google appointed former Oracle product head Mr. Thomas Kurian as CEO of the cloud division last November. The company has not revealed the terms for buying Alooma.
