Known for its impressive data analytics tools, Google made headlines again after it announced the acquisition of Looker for $2.6 billion. Locker is a successful analytics start-up which had raised more than $280 million, and Google plans to add Locker to Google Cloud.
It is envisioned that the new entity will bring together a complete data analytics solution to customers by providing end-to-end analytics platform to connect, collect, analyze and visualize data across Google Cloud, Azure, AWS, on-premises databases and ISV applications.
The move comes as Google has been facing some challenges in the cloud infrastructure market, and acquiring Looker, with a current valuation of nearly $2.6 billion, can bring the necessary break the company has been looking for. Since its inception, Looker has been trying to disrupt the dull but compulsive ecosystem of data visualization tools and data prep tools to build solutions. It envisions forging a new, single piece platform for data where information can be aggregated and made available for business purposes.
If the deal goes through regulatory approval, it is set to close later this year.