Google hopes to mine data, seen by the search giant as untapped resources for many businesses, in its bid to buy unified platform provider, Looker, in a $2.6 billion deal.
Google recently announced an agreement to acquire Looker in a $2.6 billion all-cash transaction that will eventually see the unified platform for business intelligence, data applications and embedded analytics joining Google Cloud.
Sundar Pichai, CEO, Google says that data remains an untapped resource for many organizations and businesses.
Google hopes the addition of Looker to Google Cloud will provide customers with a more comprehensive analytics solution — from ingesting and integrating data to gain insights, to embedded analytics and visualizations — enabling enterprises to leverage the power of analytics, machine learning and AI.
“We are excited to welcome Looker to Google Cloud and look forward to working together to help our customers solve some of their biggest challenges”, Pichai says.
“Google Cloud is being used by many of the leading organizations in the world for analytics and decision-making. The combination of Google Cloud and Looker will enable customers to harness data in new ways to drive their digital transformation,” Thomas Kurian, CEO, Google Cloud says. “We remain committed to our multi-cloud strategy and will retain and expand Looker’s capabilities to analyze data across Clouds.”
“The combination of Looker and Google Cloud advances our mission that we undertook from the beginning — to empower humans through the smarter use of data,” Frank Bien, CEO, Looker adds. “Now, we’ll have greater reach, more resources, and the brightest minds in both Analytics and Cloud Infrastructure working together to build an exciting path forward for our customers and partners. Together, we are reinventing what it means to solve business problems with data at an entirely different scale and value point.”
“The data analytics market is growing incredibly fast as companies look to leverage all of their data to make more informed decisions,” Frank Gens, Senior Vice President & Chief Analyst, IDC says. “Google Cloud is one of the leaders in the data warehouse market, and the addition of Looker will further strengthen their ability to serve the needs of enterprise customers while also advancing their commitment to multi-cloud.”
This acquisition builds on an existing partnership where the two companies share more than 350 joint customers, such as Buzzfeed, Hearst, King, Sunrun, WPP Essence, and Yahoo!. The acquisition of Looker is expected to be complete later this year and is subject to customary closing conditions, including the receipt of regulatory approvals, according to Google.