Published: Sun, June 09, 2019
Electronics | By Kelly Massey

Google Buys Intelligence Company Looker For $2.6B In Cash

Google Buys Intelligence Company Looker For $2.6B In Cash

The addition of Looker to the Google Cloud ecosystem could afford users the ability to strengthen their analytics, which in turn should lead to better decision-making and improve digital execution.

The purchase is the first major acquisition since Google Cloud CEO Thomas Kurian replaced Diane Greene in November and is the tech giant's biggest purchase since buying smart home company Nest in 2014 for $3.2bn.

Based in Santa Cruz, California, Looker is a business intelligence software and big data analytics platform helping customers to explore, assess and share real-time business analytics easily.

"The combination provides an end-to-end analytics platform to connect, collect, analyze and visualize data across Google Cloud, Azure, AWS, on-premises databases and ISV applications".

Google Cloud's BigQuery and associated data infrastructure, together with Looker's platform for innovative data solutions, will help solve business problems with data at an entirely different scale and value point, he said.

Santa Cruz, California-based Looker, which was founded in 2012, employs about 800 people, has raised $281 million in venture capital and was valued at $1.6 billion in a funding round past year.

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Boost up enterprise-focused approach: Kurian has been ambitious to bring enterprise-focused approach at Google, where it has struggled to bring real-world approaches that enterprise customers really need.

All told, Looker had raised some $280 million from merchants collectively with CapitalG (formerly Google Capital), Goldman Sachs, and Kleiner Perkins.

Kurian added the acquisition is set to be completed later this year after the completion of closing conditions such as regulatory approval.

The acquisition builds on an existing partnership between the two companies who share more than 350 joint customers, including BuzzFeed, Hearst, King, Sunrun, WPP Essence, and Yahoo!.

As Google pivots into the enterprise space, Looker's vertical business offerings will come into play. In BI and data analytics marketplace, Looker competes with tools like Tableau and Microsoft Corp's Power BI. Once the deal closes, Looker will join Google Cloud.

"During the past seven years, Looker has evolved to become the business intelligence platform for the modern business, that sits atop the next-generation data warehouses like BigQuery, Snowflake and RedShift", wrote Tomas Tunguz, a venture capitalist with Redpoint and an early investor in Looker, in a blog post.

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