Google to acquire Looker

Google is to acquire Looker, a privately held big-data analytics company, for $2.6 billion in cash. Google’s cloud computing division ranks third globally to Amazon and Microsoft in terms of revenue from renting infrastructure and other computing tools to businesses.

Cloud industry analysts suggest Google Cloud’s BigQuery, a tool for managing large datasets, has been attracting customers.

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 last year. Its tool enables analysts and other workers to define calculations for items such as revenue or high-value customers and then visualize trends in their data without writing complicated scripts. It competes with Tableau Software, Domo and Microsoft’s Power BI.

Information Technology, Acquisition