Looker Bought by Google for $2.6 Billion
The Mountain View, California based company will be folded into Google’s cloud business, upon completion of the deal. The transaction is an all-cash deal.
Looker hopes to help Google Cloud provide customers with a more comprehensive analytics solution — from ingesting and integrating data to gain insights, to embedded analytics and visualizations — enabling enterprises to leverage the power of analytics, machine learning and AI.
“The combination of Looker and Google Cloud advances our mission that we undertook from the beginning — to empower humans through the smarter use of data,” said Frank Bien, CEO of Looker, in a statement.“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.”
“One of the most important ways we advance Google’s mission is by helping other businesses realize theirs,” adds Sundar Pichai, CEO, Google. “We are excited to welcome Looker to Google Cloud and look forward to working together to help our customers solve some of their biggest challenges.”
At least one analyst thinks this acquisition is good for not just the acquired startup, but for Google, which is in fierce competition with other cloud computing vendors like Amazon and Microsoft in getting more corporate customers.
“The data analytics market is growing incredibly fast as companies look to leverage all of their data to make more informed decisions,” said Frank Gens, SVP & Chief Analyst, IDC. “Google Cloud is one of the leaders in the data warehouse market, and the addition of Looker will further strengthen their ability to serve the needs of enterprise customers while also advancing their commitment to multi-cloud.”
Google and Looker currently between them have more than 350 cloud data customers, including Buzzfeed, Hearst, King, Sunrun, WPP Essence, and Yahoo!.
The deal is expected to be completed later this year, pending closing conditions and regulatory approvals.