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MarketScreener Homepage  >  Equities  >  Nasdaq  >  Alphabet Inc.    GOOGL

ALPHABET INC.

(GOOGL)
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Real-time Estimate Quote. Real-time Estimate Cboe BZX - 01/21 02:05:56 pm
1888.275 USD   +0.44%
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Alphabet : Google Adding Data Back-Up, Disaster Recovery Business to Cloud Unit

12/02/2020 | 02:27pm EST

By Micah Maidenberg

Google said it has agreed to purchase a software company that helps clients back-up and recover data in the event of a disaster, another example of the search company seeking to bolster its cloud business for enterprises.

The technology giant owned by Alphabet Inc. didn't disclose the price it will pay to buy Actifio Inc. in a blog post Wednesday by Brad Calder, a Google vice president of engineering.

Actifio's offerings automatically back-up and protect various databases used by companies and allow customers to carry out disaster recovery operations in cloud-software environments, among other services, according to Google.

The company had raised about $461 million and was last valued at $1.3 billion, according to PitchBook. As of early October, it had almost 390 employees.

"Actifio's business continuity solutions will help Google Cloud customers prevent data loss and downtime due to external threats, network failures, human errors and other disruptions," Mr. Calder said in the post.

Google has been pushing to beef up its cloud-computing unit, where it competes for business with companies including Amazon.com Inc. and Microsoft Corp.

Write to Micah Maidenberg at micah.maidenberg@wsj.com

(END) Dow Jones Newswires

12-02-20 1426ET

Stocks mentioned in the article
ChangeLast1st jan.
ALPHABET INC. 0.38% 1886.26 Delayed Quote.7.27%
MICROSOFT CORPORATION 0.55% 225.3979 Delayed Quote.-2.69%
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More news
Financials (USD)
Sales 2020 179 B - -
Net income 2020 35 869 M - -
Net cash 2020 118 B - -
P/E ratio 2020 36,5x
Yield 2020 -
Capitalization 1 274 B 1 274 B -
EV / Sales 2020 6,47x
EV / Sales 2021 5,28x
Nbr of Employees 132 121
Free-Float 90,3%
Chart ALPHABET INC.
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Technical analysis trends ALPHABET INC.
Short TermMid-TermLong Term
TrendsBullishBullishBullish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus BUY
Number of Analysts 46
Average target price 1 938,83 $
Last Close Price 1 880,07 $
Spread / Highest target 19,7%
Spread / Average Target 3,13%
Spread / Lowest Target -34,2%
EPS Revisions
Managers and Directors
NameTitle
Sundar Pichai Chief Executive Officer & Director
John LeRoy Hennessy Chairman
Ruth M. Porat Chief Financial Officer & Senior Vice President
Lawrence E. Page Director
Sergey Mikhaylovich Brin Director
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