Google Cloud acquires mainframe company Cornerstone Technology


Thomas Kurian, CEO of Alphabet’s Google Cloud, speaks at the Google Cloud Following conference in San Francisco on April 9, 2019.

Michael Limited | Bloomberg | Getty Photos

Google Cloud CEO Thomas Kurian has ordered but yet another company, and this time it can be focusing on mainframe buyers.

Google Cloud announced Tuesday that it has acquired Cornerstone Technologies, which Google suggests will migrate customers’ mainframe workloads to Google Cloud.

The firm failed to disclose the offer price.

“For many years, organizations have relied on a mainframe architecture to run their mission-vital workloads, but it typically holds builders back from taking benefit of new technologies that empower them to innovate more swiftly,” the organization stated in a web site put up. “Cloud computing presents the possibility to modernize your purposes and your infrastructure, ensuing in superior capabilities and allocation of assets so your corporation can emphasis on your core business.”

The Cornerstone acquisition will come as Kurian rounds out his very first 12 months at the helm of Google Cloud. In that time, he is persuaded Google mum or dad company Alphabet to go on a getting spree that’s included several acquisitions and hires in an endeavor to catch up with cloud leaders Amazon and Microsoft.

The company is going through a restructuring of its Cloud team internally, which incorporates removing some roles, a Google spokesperson verified to CNBC last week. The restructuring is mostly intended to realign emphasis on worldwide markets.

Google’s cloud company, which broke out its profits for the initially time in its fourth-quarter 2019 earnings, produced $8.92 billion in profits in fiscal 2019, with $2.61 billion generated in the fourth quarter. That compares with 2018 revenue of $5.84 billion for the cloud business enterprise, with $1.71 billion generated in the fourth quarter of that yr.

The most current acquisition will assist the corporation “modernize” customers’ infrastructure and purposes on Google Cloud, the enterprise mentioned in its site write-up. It will be element of the firm’s “professional services firm.”

Correction: A prior variation of this story incorrectly identified as Cornerstone Engineering a mainframe company.



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