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Google to buy Israeli cloud startup Velostrata

Google Inc. has agreed to buy Israel-based enterprise cloud migration startup Velostrata, the search giant said in a May 9 blog post.

The proposed acquisition is expected to help add capacities that support a transition to Google Cloud and aids Google’s strategy to expand its cloud computing business.

Financial details of the transaction were not disclosed.

Velostrata, formed in 2014, reportedly raised funds up to $31.5 million and owns patented solutions that assist enterprises to make cloud transitions.