Google LLC is to acquire Looker, a Santa Cruz, California-based unified platform for business intelligence, data applications and embedded analytics, for $2.6 billion.
The acquisition is expected to be complete later this year and is subject to customary closing conditions, including the receipt of regulatory approvals.
Upon the close of the acquisition, Looker will join Google Cloud. The addition will provide customers with a more comprehensive analytics solution — from ingesting and integrating data to gain insights, to embedded analytics and visualizations — enabling enterprises to leverage the power of analytics, machine learning and AI.
Led by Frank Bien, CEO, Looker is a unified data platform that delivers actionable business insights to every employee at the point of decision. The company integrates data into the daily workflows of users to allow organizations to extract value from data at web scale. Over 1,700 companies such as Amazon, Etsy, IBM, Kickstarter, Lyft, Sony, Spotify and The Economist have used Looker to power their data-driven cultures.
The company, which has offices in San Francisco, New York, Boulder, London, Tokyo and Dublin, Ireland, was backed by CapitalG, Kleiner Perkins Caufield & Byers, Meritech Capital Partners, Premji Invest, Redpoint Ventures and Goldman Sachs.
FinSMEs
06/06/2019