Google buys Israeli data migration co Alooma for $150m

Alooma staff Photo: PR

Google expects the Tel Aviv-based company to help its customers migrate their data to the cloud more easily and securely.

Google parent company Alphabet Inc. has announced that it is acquiring Israeli data migration company Alooma. No financial terms were disclosed but market sources believe the acquisition is for about $100-150 million.

"Here at Google Cloud, we’re committed to helping enterprise customers easily and securely migrate their data to our platform," Google said. "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, 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," Google added, "also opens the door for customers to take advantage of all the technologies we have to offer, including analytics, security, AI and machine learning."

Alooma has raised $15 million including an $11 million financing round in 2016 from Lightspeed Venture Partners and Sequoia Capital.

Alooma cofounders CEO Yoni Broyde and CTO Yair Weinberger wrote, "The journey is not over. Alooma has always aimed to provide the simplest and most efficient path toward standardizing enterprise data from every source and transforming it into actionable intelligence. 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."

Published by Globes, Israel business news - en.globes.co.il - on February 19, 2019

© Copyright of Globes Publisher Itonut (1983) Ltd. 2019

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Alooma staff Photo: PR
Alooma staff Photo: PR
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