The Future of Print

Google CEO keen on M&A to extend cloud computing lead

Posted in Boom by futureofprint on September 2, 2009

Google Inc. is ready to seize any opportunity to grow its cloud computing business, Chief Executive Officer Eric Schmidt said, The Nikkei reported in its Wednesday morning edition.

Schmidt said that Google has “begun seriously looking at acquisitions again” in an interview Monday at the company’s headquarters in Mountain View, California. The Internet giant is training its sights mainly on venture-stage firms poised for growth.

A pioneer in cloud computing, Google is hurrying to further strengthen its capabilities. It decided last month to acquire On2 Technologies Inc., a manufacturer of video compression software. Similar deals may be on the way as Google scans the horizon for firms with key technologies or promising Web services.

Microsoft announced last month that it will form an alliance with Yahoo! Inc. Schmidt said Google will counter by focusing on innovation and seeking its own tie-ups with other firms on Web searching and advertising.


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