Google Cloud announced Wednesday that it plans to acquire Actifio, a data backup and recovery startup that counts firms including Andreessen Horowitz, Greylock Partners, and TCV among its investors.
The terms of the deal were not disclosed. Actifio, which is based in Massachusetts, had raised a total of $461.13 million and was privately valued at $1.3 billion in 2018, according to startup database PitchBook.
Actifio helps customers automatically store, back up and recover data both from their cloud infrastructure and in private data centers. It provides services that allow customers to protect and manage copies of their data, as well as use those copies for development and testing.
With Actifio, Google Cloud plans to help its customers protect their data both on the cloud and on-premises.
"We're excited to join Google Cloud and build on the success we've had as partners over the past four years," Actifio CEO Ash Ashutosh said in a statement. "Backup and recovery is essential to enterprise cloud adoption and, together with Google Cloud, we are well-positioned to serve the needs of data-driven customers across industries."
In recent years, Google Cloud has been investing in a hybrid cloud strategy, which allows customers to run their applications both on the cloud and in private data centers.
"As organizations across industries sharpen their disaster preparedness strategies and infrastructure resiliency, 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," Brad Calder, vice president of engineering at Google Cloud, wrote in a blog post.
Since Google Cloud CEO Thomas Kurian took the reins at the division, the company has made several acquisitions. It closed its biggest acquisition ever earlier this year when it acquired the data analytics company Looker for $2.4 billion, which analysts have said could help the company gain a competitive edge over Microsoft, Amazon Web Services, and Oracle. Otherwise, it has made smaller acquisitions of startups like Alooma, AppSheet, and Elastifile.
Analysts predict that under Kurian, Google Cloud will continue to make more acquisitions to grow and compete with AWS and Microsoft. More recently, Salesforce's plan to acquire Slack could pressure Google Cloud to acquire a cloud collaboration startup within the next several months, an analyst said.
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