Alooma, a specialist in data transfer, facilitates effective migration of enterprise database from multiple sources to a single cloud data warehouse, using a special tool. Once integrated, Alooma’s technology and employees will be used for developing database migration capabilities for Google Cloud Platform.
A statement from the company Tuesday clarified the importance of taking a deeper plunge into the lucrative cloud market
The comparatively easy migration process will also allow customers to access Google’s advanced technologies such as artificial intelligence, machine learning, and analytics.
Earlier, Kurian had hinted at the company accelerating its cloud program. However, Google and Alooma are yet to provide additional information about the deal, including the timing of its completion and the financial terms. Considering the modest funding Alooma has raised so far, the transaction value will likely be relatively small.
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Meanwhile, there is no clarity as to whether Alooma will continue to support clients availing the services of Google’s rivals in the cloud sector, though the company will not be accepting new cases wherein customers would want to migrate their data to other cloud platforms.
After losing significant momentum in the selloff that rattled tech stocks towards the end of last year, Google shares started 2019 on a positive note. The stock gained about 6% since the beginning of the year and crossed the $1100-mark once again.