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Google buys cloud storage company Elastifile



Thomas Kurian, future director of Google Cloud and former president of product development at Oracle, speaks at the Oracle OpenWorld conference in San Francisco on September 24, 2013.

David Paul Morris | Bloomberg | Getty Images

Google Cloud is making another purchase under new CEO Thomas Kurian. The company plans to buy cloud storage company Elastifile, Google announced Tuesday.

Google did not appreciate the deal in its release, but said it is expected to close later this year. Stocks of the alphabet, its parent company, were relatively flat during morning trading.

Google has been looking to expand its cloud business under Kurian, which joined the team in November and replaced former Google Cloud CEO Diane Greene. Google has hit the cloud leaders Amazon and Microsoft, each of which has a large share of the market. According to a report by Canalys, Google had 7.6% of the cloud's market share at the end of 201

8 compared to 13.7% for Microsoft and 32% for Amazon.

In June, Google announced plans to acquire the $ 2.6 billion data analysis company Looker in what would be Kurian's first major acquisition at the company. The Elastifile agreement provides even more technology for Google Cloud offers. Google said that Elastifile will be integrated with Google Cloud Filestore, allowing broader computing and storage capabilities.

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