Google announced today that it has signed an agreement to acquire Looker, an integrated business intelligence and analytics platform. This is a $ 2.6 billion cash transaction, which, when settled after practice approvals, will bring Looker into Google Cloud. For Frank Gens, Senior Vice President and Chief Analyst of Idc, the operation shows that the analytics market is growing very fast: “Google Cloud is one of the leaders in the data warehouse market and the addition of Looker will further strengthen its capacity to meet the needs of corporate customers and at the same time promote their commitment to multicloud “.
According to the intentions of the Mountain View company, reported in a note, the addition of Looker to Google Cloud will have to provide customers with a more complete analytics solution, from data integration for insights to integrated analytics and visualizations, allowing companies to exploit the power of analysis, machine learning and artificial intelligence. The same note reports that the Google Cloud CEO, Thomas Kurian, indicates that “Google Cloud is used by many of the leading organizations in the world for analysis and decision-making. The combination of Google Cloud and Looker will enable them to exploit the data in new ways to guide their digital transformation “.
Kurian also stated that the company will remain true to its multicloud strategy, aiming to maintain and expand “Looker’s capabilities to analyze data through the clouds”. The CEO of Looker, Frank Bien, believes that the Cloud Infrastructure Analytics resources “will work together to create a path for customers and partners. Together we are reinventing what it means to solve business problems with completely different data and scale values”. The acquisition is based on an existing partnership in which the two companies share more than 350 common customers, including Buzzfeed, Hearst, King, Sunrun, WPP Essence and Yahoo !.
The acquisition of Looker should be completed by the end of the year and is subject to customary closing conditions, including receipt of regulatory approvals. Looker is a unified data platform that brings useful business information to every employee where the decision is made. The platform is used by over 1,700 companies, including Amazon, Etsy, IBM, Kickstarter, Lyft, Sony, Spotify and The Economist. The company is headquartered in Santa Cruz, California, with offices in San Francisco, New York, Boulder, London, Tokyo and Dublin, Ireland. Looker’s investors are CapitalG, Kleiner Perkins Caufield & Byers, Meritech Capital Partners, Premji Invest, Redpoint Ventures and Goldman Sachs.