Google To Acquire Analytics Startup Looker For $2.6 Billion


Search engine giant Google has confirmed the acquisition of California based business intelligence software and big data analytics company Looker for $2.6 billion and adding it to Google Cloud. Looker was founded in 2011 by Ben Porterfield, Lloyd Tabb and Marc Randolph. The firm had raised around $280.5 million in funding since its inception from the backers that included names like Alta Park Capital, PremjiInvest, CapitalG, Goldman Sachs, Redpoint, Kleiner Perkins, Cross Creek, Meritech Capital Partners, and others.

Google Cloud CEO Thomas Kurian who previously worked at Oracle through a statement said, “Google Cloud is being used by many of the leading organizations in the world for analytics and decision-making. The combination of Google Cloud and Looker will enable customers to harness data in new ways to drive their digital transformation. We remain committed to our multi-cloud strategy and will retain and expand Looker’s capabilities to analyze data across Clouds.”

Frank Bien, the CEO of Looker through a statement said that through the deal, the company will get better reach and resources. “The combination of Looker and Google Cloud advances the mission that we undertook from the beginning—to empower humans through the smarter use of data. Now, we’ll have greater reach, more resources, and the brightest minds in both Analytics and Cloud Infrastructure working together to build an exciting path forward for our customers and partners. Together, we are reinventing what it means to solve business problems with data at an entirely different scale and value point," Bien said in the statement.

The deal which is expected to close during the latter part of the year is a massive one as the last such deal done by the Google Cloud was in 216 when it paid $625 million to Apigee in 2016. Now, it will be interesting to see how the two join hands and have some better offerings for the end users.


Image Courtesy : geekwire

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