Google stated Thursday it has completed its $2.6 billion buyout of privately owned big-data analytics firm Looker Data Sciences after winning clearance from Britain’s competition watchdog.
Google declared the cash deal in June, the first major acquisition for its new cloud enterprise CEO Thomas Kurian. The transaction aims to build upon the success of Google Cloud’s BigQuery, a tool for managing large datasets.
Looker’s tool permits analysts and other staff to define calculations for items such as revenue or high-worth prospects and then visualize trends in their data without writing difficult scripts.
The Competition and Markets Authority (CMA) stated its probe found the deal wouldn’t adversely impact the service quality or competition in the market for knowledge analytics tools and software.
The CMA further said that the deal was unlikely to result in increased costs or lower quality as the two aren’t considered close rivals by companies who use business intelligence tools as they’ll select from other suppliers along with Microsoft, Oracle, Tableau, and IBM.
Google’s cloud computing unit is a distant third around the world to Amazon.com and Microsoft when it comes to revenue from renting infrastructure and other computing instruments to businesses.
The transaction has been authorized by the U.S. Justice Department and the Austrian Federal Competition Authority.