Google to acquire data-migration company Alooma

Alphabet Inc.'s announced Tuesday that it planned to acquire Alooma, a data-migration company. Financial terms of the deal weren't disclosed. "The addition of Alooma, subject to closing conditions, is a natural fit that allows us to offer customers a streamlined, automated migration experience to Google Cloud, and give them access to our full range of database services," Google said in a release. The company expects that the deal will help customers better take advantage of Google's security, machine-learning, and artificial-intelligence technologies. Alphabet shares are up 0.6% in Tuesday morning trading, and they've gained nearly 10% in the past three months. The S&P 500 has risen 3.1% in that time.

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