Flash Report 2 minutesRegister for Free AccessGoogle to Acquire Enterprise Cloud-Storage Company Elastifile Coresight Research July 11, 2019 Executive SummaryOn July 9, 2019, Google announced via a blog post an agreement to acquire enterprise file-storage provider Elastifile for an undisclosed figure. Elastifile provides scalable, enterprise file storage for the cloud, which is a fundamental part of enterprise infrastructure and necessary for customers seeking to accelerate a digital transformation. As critical applications migrate to the cloud, IT teams need simple, natively compatible storage options – plus required features and performance. The company is headquartered in the San Francisco Bay Area, has raised a total of $74 million (according to CrunchBase) and has estimated annual revenues of $3 million (according to Owler). The acquisition of Elastifile is expected to be completed later this year, subject to customary closing conditions. Upon the close, Elastifile will join Google Cloud. Google is bulking up through acquisition to better compete against leaders AWS and Microsoft Azure in the cloud infrastructure segment, having recently announced an agreement to acquire analytics company Looker for $2.6 billion. Please Login to read the full report. Not a member? Register for a free user account. This document was generated for Other research you may be interested in: Shoptalk 2023 “Shark Reef” Startup Pitch: All You Need To KnowRSA Conference 2023: All Things Cybersecurity—Fighting AI-Powered Intruders with AIWeekly US and UK Store Openings and Closures Tracker 2024, Week 4: Macy’s To Close Five Stores10 US Consumer and Retail Trends 2024: Insights Presented at Lectra’s Ideation 2023