Google Acquires Cloud Migration Company Alooma - TheStreet

Alphabet Inc.'s (GOOGL) - Get Report Google said Tuesday that it had agreed to acquire cloud migration company Alooma for an undisclosed sum.

Alooma, which is based Israel and California, helps other companies move their data from multiple sources into one data warehouse. Before the acquisition, the company raised a total of $15 million in funding over three rounds from the likes of Lightspeed Venture Partners and Sequoia Capital Israel, according to Crunchbase. Cloud migration is the process of moving data, applications or other business elements to a cloud computing environment.

Google's cloud division has been growing rapidly, but still lags behind leaders Amazon (AMZN) - Get Report AWS and Microsoft (MSFT) - Get Report Azure in market share. 

"The addition of Alooma, subject to closing conditions, is a natural fit that allows us to offer customers a streamlined, automated migration experience to Google Cloud," Google said, "and give them access to our full range of database services, from managed open source database offerings to solutions like Cloud Spanner and Cloud Bigtable. This simplified migration path also opens the door for customers to take advantage of all the technologies we have to offer, including analytics, security, AI and machine learning."

Google added that "one of the things we're most excited about with Alooma is the deep expertise for both enterprise and open source databases that their team brings to Google Cloud, which will be critical in helping us build out additional migration capabilities within Google Cloud Platform."

"We're also looking forward to adding to our growing Google Cloud footprint in Israel, which includes the Velostrata team we added last summer," Google noted.

"Joining Google Cloud will bring us one step closer to delivering a full self-service database migration experience bolstered by the power of their cloud technology, including analytics, security, AI, and machine learning," Alooma said in a statement. 

Shares of Alphabet Inc. were up slightly in early afternoon trading to $1,115.80. Shares are up 7.5% year to date. 

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