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Google Is Buying Cloud Company

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Google announced it would buy the Alooma data migration company as part of an effort to equalize with its bigger competitors in cloud services Amazon.com Inc. and Microsoft Corp. Google is behind Amazon and Microsoft in a fast-growing business that helps companies move to the cloud, with Google Cloud holding 8.5 percent of global market share by the end of 2018.

According to Canalys

Amazon Web Services has a share of 31.7% and Microsoft Azure – 16.8% over the same period. In November, Google hired former Oracle Corp Product Manager Thomas Curran as CEO of its cloud compartment. Based in Redwood City, California, Alooma  helps companies rationalize cloud database migration with a tool that allows data to be moved from multiple sources to a single data repository.

The company has raised about $ 15 million from investors

Including leading venture funds such as Sequoia Capital and Lightspeed, according to Crunchbase. Google does not disclose the terms of the deal.

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