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: January 2023 UK Retail Sales: Sales Slow Amid Economic UncertaintyJuly 2024 US Retail Sales: Growth Rebounds with Second-Highest Rate in 2024Carrefour To Acquire Cora and Match Banners in $1.2 Billion DealGenerative AI Latest: Empowering Productivity and Marketing Globally, Regulations for Responsible Use in China