{"id":15290,"date":"2019-06-06T15:42:59","date_gmt":"2019-06-06T15:42:59","guid":{"rendered":"https:\/\/rsoftsolution.com\/blog\/google-to-acquire-analytics-startup-looker-for-2-6-billion.html"},"modified":"2019-06-06T15:42:59","modified_gmt":"2019-06-06T15:42:59","slug":"google-to-acquire-analytics-startup-looker-for-2-6-billion","status":"publish","type":"post","link":"https:\/\/www.rbsitsoftwaresolution.in\/blog\/google-to-acquire-analytics-startup-looker-for-2-6-billion.html","title":{"rendered":"Google to acquire analytics startup Looker for $2.6 billion"},"content":{"rendered":"

Google<\/a> made a big splash this morning when it announced it\u2019s going to acquire Looker<\/a>, a hot analytics startup that\u2019s raised over $280 million. It\u2019s paying $2.6 billion for the privilege and adding the company to Google Cloud.<\/p>\n

Thomas Kurian, <\/a> the man who was handed the reins to Google Cloud<\/a> at the end of last year sees the the two companies bringing together a complete data analytics solution for customers. \u201cThe combination provides an end-to-end analytics platform to connect, collect, analyze and visualize data across Google <\/a> Cloud, Azure, AWS, on-premises databases and ISV applications,\u201d Kurian explained at a media event this morning.<\/p>\n

Google Cloud has been mired in third place in the cloud infrastructure market<\/a>, and grabbing Looker gives it an analytics company with a solid track record. The last time I spoke to Looker, <\/a> it was\u00a0announcing a hefty $103 million<\/a> in funding on a $1.6 billion valuation. Today\u2019s price is nice even billion over that.<\/span><\/p>\n

As I wrote at the time<\/a>, Looker\u2019s CEO Frank Bien wasn\u2019t all that interested in bragging about valuations though. He wanted to talk about what he considered more important numbers.<\/p>\n

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\u201cHe reported that the company has 1,600 customers now and just crossed the $100 million revenue run rate, a significant milestone for any enterprise SaaS company. What\u2019s more, Bien reports revenue is still growing 70 percent year over year, so there\u2019s plenty of room to keep this going.\u201d<\/p>\n<\/blockquote>\n

Today, in a media briefing on the deal, he said that from the start, his company was really trying to disrupt the business intelligence and analytics market. \u201cWhat we wanted to do was disrupt this pretty staid ecosystem of data visualization tools and and data prep tools that companies were being forced to build solutions. We thought it was time to rationalize a new platform for data, a single place where we could really reconstitute a single view of information and make it available in the enterprise for business purposes,\u201d he said.<\/p>\n

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Diagram: Google Looker<\/p>\n

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Slide: Google Looker<\/p>\n

Bien saw today\u2019s deal as a chance to gain the scale of the Google cloud platform, and as successful as the company has been, it\u2019s never going to have the reach of Google Cloud. \u201cWhat we\u2019re really, leveraging here, and I think the synergy with Google Cloud, is that this data infrastructure revolution and what really emerged out of the Big Data trend was very fast, scalable \u2014 and now in the cloud \u2014 easy to deploy data infrastructure,\u201d he said.<\/p>\n

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\u00a0<\/p>\n

Kurian also emphasized that the company will intend to support multiple databases and multiple deployment strategies, whether multi-cloud, hybrid or on premises.<\/p>\n

\"\"<\/p>\n

Perhaps, it\u2019s not a coincidence that Google went after Looker as the two companies had a strong existing partnership and 350 common customers, according to Google. \u201cWe have many common customers we\u2019ve worked with. One of the great things about this acquisition is that the two companies have known each other for a long time, we share very common culture,\u201d Kurian said.<\/p>\n

This is a huge deal for Google Cloud, easily topping the $625 million it paid for Apigee<\/a>\u00a0in 2016. It marks the first major deal in the Kurian era as Google tries to beef up its marketshare. While the two companies share common customers, the addition of Looker should bring a net gain that could help them upsell to other parts of the Looker customers base.<\/p>\n

Per usual this deal is going to be subject to regulatory approval, but it is expected to close later this year if all goes well.<\/p>\n

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Looker snags $103 million investment on $1.6 billion valuation<\/a><\/p>\n<\/blockquote>\n

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Article source: http:\/\/feedproxy.google.com\/~r\/techcrunchIt\/~3\/G64Svge_KJE\/<\/p>","protected":false},"excerpt":{"rendered":"

Google made a big splash this morning when it announced it\u2019s going to acquire Looker, a hot analytics startup that\u2019s raised over $280 million. It\u2019s paying $2.6 billion for the <\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"jetpack_post_was_ever_published":false,"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":true,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2}},"categories":[19],"tags":[25],"class_list":["post-15290","post","type-post","status-publish","format-standard","hentry","category-enterprise-software","tag-enterprise"],"aioseo_notices":[],"aioseo_head":"\n\t\t\n\t\n\t\n\t\n\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t