Report: Google Acquires Velostrata for Enterprise Cloud Migrations
Google is acquiring Velostrata, an enterprise cloud migration specialist, according to SeekingAlpha. Financial terms won’t be disclosed. ChannelE2E has not independently confirmed the report.
Updated May 10, 2018, 9:43 a.m. PT: Google has now confirmed plans to buy Velostrata.
The Google Cloud Platform team has been very active on the M&A front over the past year, striving to find migration, security and management tools that bolster the company’s competitive stance vs. Amazon Web Services and Microsoft Azure.
Velostrata certainly fits that description. The cloud migration and workload mobility provider launched a Velostrata global partner program in mid-2017. More recently, the company and Google Cloud Platform partnered to launch an integrated solution that performs workload migrations up to five times faster than traditional methods, the two companies said in April 2018.
The Velostrata team will join Google’s Tel Aviv office, according to SeekingAlpha. Among the question marks: Will Velostrata continue to support third-party migrations to Amazon Web Services and Azure? We’re checking.
Google Cloud Platform Revenues, Growth, Partners
Google Cloud Platform revenues remain in growth mode, but CEO Sundar Pichai largely sidestepped questions about actual GCP revenue figures during an Alphabet call with financial analysts in April. Instead, he painted in broad strokes — mentioning enterprise-oriented growth, and promising starts to cloud partnerships with Cisco Systems, SAP and Salesforce.
Google previously disclosed that GCP revenues surpassed $1 billion per quarter in 2017.