Google Cloud acquires mainframe company Cornerstone Technology
Thomas Kurian, CEO of Alphabet’s Google Cloud, speaks at the Google Cloud Up coming conference in San Francisco on April 9, 2019.
Michael Small | Bloomberg | Getty Images
Google Cloud CEO Thomas Kurian has purchased yet yet another company, and this time it truly is focusing on mainframe consumers.
Google Cloud declared Tuesday that it has acquired Cornerstone Engineering, which Google states will migrate customers’ mainframe workloads to Google Cloud.
The business did not disclose the offer rate.
“For many years, corporations have relied on a mainframe architecture to run their mission-crucial workloads, but it frequently retains builders back from taking benefit of new technologies that allow them to innovate a lot more promptly,” the business reported in a blog site article. “Cloud computing presents the chance to modernize your purposes and your infrastructure, ensuing in greater capabilities and allocation of sources so your corporation can concentration on your main enterprise.”
The Cornerstone acquisition comes as Kurian rounds out his 1st calendar year at the helm of Google Cloud. In that time, he is persuaded Google mother or father business Alphabet to go on a getting spree that’s provided a number of acquisitions and hires in an attempt to capture up with cloud leaders Amazon and Microsoft.
The business is going through a restructuring of its Cloud group internally, which consists of removing some roles, a Google spokesperson confirmed to CNBC final week. The restructuring is generally meant to realign concentration on intercontinental markets.
Google’s cloud business, which broke out its revenue for the first time in its fourth-quarter 2019 earnings, generated $8.92 billion in profits in fiscal 2019, with $2.61 billion produced in the fourth quarter. That compares with 2018 revenue of $5.84 billion for the cloud company, with $1.71 billion created in the fourth quarter of that yr.
The most up-to-date acquisition will help the business “modernize” customers’ infrastructure and applications on Google Cloud, the firm explained in its blog site write-up. It will be part of the company’s “specialist products and services firm.”
Correction: A previous variation of this tale improperly called Cornerstone Technologies a mainframe firm.