Alphabet Inc’s Google proclaimed on Tuesday it is going to decide to buy data migration company Alooma, as a part of efforts to get caught up with much bigger cloud services competitors Amazon.com Inc and Microsoft Corp. Google hiking trails Amazon and Microsoft in the fast-growing business enterprises of supporting development companies take to the cloud, with Google Cloud holding 8.5 per-cent of world-wide cloud market share at the end of 2018, in accordance with Canalys.
Amazon Web Services had a 31.7 per-cent share and Microsoft Azure 16 .8 percent for the duration of the same period, the market research firm proclaimed. Google in November hired former Oracle Corp product head Thomas Kurian as the chief executive officer of the cloud division.
Headquartered in Redwood City, California, Alooma supports enterprise companies streamline database migration in the cloud with a tool that makes it possible for moving data from multiple sources to a single data warehouse.
The company has raised about $15 million from investors including leading venture funds such as Sequoia Capital and Lightspeed, in accordance with Crunchbase. Google did not disclose terms of the deal.