Prudence Pitch

16:14 10/07/2019 | 7newstar.com

Total post : 756

Google announces that it has entered into a definitive agreement to purchase Elastifile

(Business) Google today announced that it has entered into a definitive agreement to purchase Elastifile, a Santa Clara, California-based provider of enterprise cloud file storage solutions, for an undisclosed price. Assuming the acquisition passes regulatory muster, the search giant expects it to be completed later this year, at which point the Elastifile team will join Google Cloud.

 

 

Perhaps uncoincidentally, this news comes on the heels of the launch of Elastifile File Service on Google Cloud Platform, a fully managed version of Elastifile optimized for Google Cloud Platform. Google Cloud CEO Thomas Kurian wrote in a blog post that Elastifle will be integrated with Google Cloud Filestore in the coming months.

Among Elastifile’s spotlight features are multiple service tiers for cost flexibility, hybrid cloud and cross-cloud environment compatibility, snapshots and multi-zone access, and aggregated virtual machine performance and capacity. Additionally, it supports ClearTier, which reduces the cost of object storage with commodity hardware and highly efficient erasure codes.

Google’s purchase of Elastifle comes as the tech giant rejiggers its cloud business in an effort to boost profitability. (Google Cloud ranks third in the cloud space behind Amazon’s AWS and Microsoft’s Azure, according to a report from Canalys.) Google last November appointed Kurian, who is a longtime Oracle veteran, to replace previous Google Cloud CEO Diane Greene. And the company in June revealed plans to acquire data analytics company Looker for $2.6 billion.

In Q4 2017, Google disclosed that its cloud business exceeded $1 billion per quarter in revenue. More recently, during an earnings call in April, Google CEO Sundar Pichai revealed that Google Cloud Platform was one of the “fastest-growing” divisions in Google parent company Alphabet.

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