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 firstname.lastname@example.org
(END) Dow Jones Newswires
December 02, 2020 14:26 ET (19:26 GMT)Copyright (c) 2020 Dow Jones & Company, Inc.