According to foreign media reports, in the global cloud computing market, Google cloud has a good momentum of development. In 2019, the annual revenue reached 8.918 billion US dollars, an increase of 3.08 billion US dollars compared with 5.838 billion US dollars in 2018, a year-on-year increase of 52.76%, nearly 2.2 times of 4.056 billion US dollars in 2017.
To catch up with Amazon cloud computing, which has been growing for 21 consecutive quarters, Google cloud also has a lot to do and needs to increase investment. Acquisition is a shortcut for rapid development. They have acquired several companies that are conducive to the development of cloud computing, and recently another one.
According to foreign media reports, Google cloud's newly acquired company, cornerstone technology, is a Dutch based company whose technology helps users transfer workload from mainframe to cloud.
Gu Geyun's acquisition of cornerstone technology focuses on their technology in data migration. After the acquisition, their technology also helps users to migrate their workload to Google cloud, so as to attract more customers for Google cloud.
Google cloud executive Howard Weale said in a statement that cornerstone can bring experience and innovative solutions to their product and service portfolio, thereby helping customers modernize their infrastructure and applications.
In terms of acquisition price, neither Google nor cornerstone technology has disclosed, nor has foreign media provided relevant forecast.
In addition to Google cloud's acquisition of cloud computing related companies, Google is also in the process of acquisition. After the acquisition, it is also ready to integrate into the cloud computing department.
Relevant reports show that since the beginning of last year, Google has acquired several cloud computing technology companies such as elastic and cloudsimple, involving file systems, data migration and other aspects.