Search giant Google is making some big move this week. The company has acquired Cask Data as a part of its ongoing efforts to build out a deeper enterprise business around its cloud computing business, Google Cloud. The company’s cloud computing business continues to grow, but it still trails behind market leaders Amazon Web Service and Microsoft Azure when it comes to revenues and market shares.
In the latest cloud development, the Mountain View-based company has selected Cask Data, a Palo Alto-based startup that specializes in Hadoop-based big data analytics services. Financial terms of the deal were not disclosed.
The news about the acquisition comes days after the search giant Google announced the acquisition of Velostrata, an Israeli-based startup that specializes on IT solutions that helps companies migrate and run data and applications in the cloud and hybrid environments, according to Techcrunch.
The deal is expected to boost Google's cloud computing business and more importantly, strengthen the company’s computing portfolio, which currently facing increased competition from big tech rivals like Microsoft and Amazon. The news about the Cask Data deal was quietly made public by its founders, Jonathan Gray, and Nitin Motgi. The two posted on the company’s blog post, confirming the acquisition.
As for the products and customers, the startup will continue to develop it's Cask Data Application Platform as well as support existing customer and products, the founders added in the blog post.
About Cask Data
Founded in 2011 and based in Palo Alto, California, Cask Data is an open source software startup that specializes in building IT solutions to run Hadoop-based big data analytics services. The company makes building big data solution easy. It also provides a unified integration platform for big data that could reduce the time to production for data applications and data lakes by around 80 percent, according to its startup profile in Crunchbase.
The company’s backers include Battery Ventures, AME Cloud Ventures, Data Collective, Ignition Partners, Andreessen Horowitz, Cloudera, and Ericsson. The company has already raised $37.5 million in total funding, according to CrunchBase.
The company has not provided any details about its existing customers. The only two companies it mentioned on its website are data management platform provider Lotame and information technology firm Thomson Reuters.
In the latest cloud development, the Mountain View-based company has selected Cask Data, a Palo Alto-based startup that specializes in Hadoop-based big data analytics services. Financial terms of the deal were not disclosed.
The news about the acquisition comes days after the search giant Google announced the acquisition of Velostrata, an Israeli-based startup that specializes on IT solutions that helps companies migrate and run data and applications in the cloud and hybrid environments, according to Techcrunch.
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| Image Credit: LoboStudioHamburg/pixabay.com |
The deal is expected to boost Google's cloud computing business and more importantly, strengthen the company’s computing portfolio, which currently facing increased competition from big tech rivals like Microsoft and Amazon. The news about the Cask Data deal was quietly made public by its founders, Jonathan Gray, and Nitin Motgi. The two posted on the company’s blog post, confirming the acquisition.
As for the products and customers, the startup will continue to develop it's Cask Data Application Platform as well as support existing customer and products, the founders added in the blog post.
About Cask Data
Founded in 2011 and based in Palo Alto, California, Cask Data is an open source software startup that specializes in building IT solutions to run Hadoop-based big data analytics services. The company makes building big data solution easy. It also provides a unified integration platform for big data that could reduce the time to production for data applications and data lakes by around 80 percent, according to its startup profile in Crunchbase.
The company’s backers include Battery Ventures, AME Cloud Ventures, Data Collective, Ignition Partners, Andreessen Horowitz, Cloudera, and Ericsson. The company has already raised $37.5 million in total funding, according to CrunchBase.
The company has not provided any details about its existing customers. The only two companies it mentioned on its website are data management platform provider Lotame and information technology firm Thomson Reuters.
Google Acquires Cask Data To Beef Up Its Cloud Computing Portfolio
Reviewed by Erwin Castro
on
May 17, 2018
Rating:
Reviewed by Erwin Castro
on
May 17, 2018
Rating:
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