Google to buy data migration company Alooma in the cloud press

FILE PHOTO: the exterior of The Google offices in Manhattan, New York City, New York, united states, January 18, 2019. REUTERS/Mike Segar/File Photo

(Reuters) – Alphabet Inc. Google said on Tuesday it will buy of a data migration company Alooma, as part of the efforts to catch the larger cloud service rivals Inc and Microsoft Corp.

Google trails Amazon and Microsoft in the fast growing business of helping companies to move to the cloud with Google Cloud holding 8.5 percent of the global cloud market share at the end of 2018, according to Canalys.

Amazon Web Services had a 31.7 percent share and Microsoft Azure, from 16.8 percent in the same period, the market research firm said.

Google in November hired former Oracle Corp. product head Thomas Kurian as the chief executive officer of the cloud division.

With headquarters in Redwood City, California, Alooma helps companies to streamline database migration in the cloud with a tool that allows the moving of data from multiple sources to a data warehouse.

The company has raised about $ 15 million from investors, including leading venture funds such as Sequoia Capital and Lightspeed, according to Crunchbase.

Google has no information about the terms of the deal.

Reporting by Arjuna Panchadar in Bengaluru; Editing by Sriraj Kalluvila

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