- Google Cloud recently announced that it has acquired Cornerstone Technology. These are the details about the deal.
Google Cloud recently announced that it has acquired Cornerstone Technology — which will enable Google to migrate the mainframe workloads of customers to its cloud platform. The terms of the deal were undisclosed.
This acquisition comes on the heels of Google Cloud CEO Thomas Kurian hitting his first year as the head of the cloud computing company.
Over the past year, Kurian has made some aggressive acquisitions and hires. Google Cloud is currently in the process of restructuring internally — which includes eliminating several roles in order to transform its focus on international markets.
In Alphabet’s latest quarterly earnings, the company disclosed its revenue for the Cloud business. For fiscal 2019, the Google Cloud business hit $8.92 billion in revenue of which $2.61 billion was generated in Q4 2019. This is up from $5.84 billion in 2018 and $1.71 billion during the same quarter a year earlier.
Key Quote:
“Cornerstone brings a wealth of experience and innovative solutions to our portfolio of products and services that help customers modernize their infrastructure and applications. Their capabilities will form the “cornerstone” of our mainframe-to-GCP solutions, and customers are able to take advantage of these new capabilities now through our Professional Services Organization and our partner network.”
– Howard Weale, Director of Transformation Practice at Google Cloud via Inside Google Cloud
“Migrating to a new services architecture helps us innovate faster and save on compute costs. We’re migrating both our AS/400 and z/OS systems to more modern technologies like Java and SQL databases. Google Cloud is helping us realize new revenue streams and more effectively deploy our resources.”
– Ricardo Orlando, chief technology officer of Boa Vista
“Easy mainframe migration will go a long way as Google attracts large enterprises to its cloud. Google Cloud is listening to its customers and meeting them where they are, steadily improving its services and attracting businesses across industries.”
– Matt Eastwood, Senior Vice President, Enterprise Infrastructure, Cloud, Developers and Alliances, IDC
