InvestorGreg
News
Google Cloud Buys Cornerstone Technology

Google Cloud Buys Cornerstone Technology

Published by InvestorGreg Editorial Team

February 21st, 2020

Google Cloud buys Cornerstone Technology. The purchase will help the Company upgrade the infrastructure and applications of customers in Google Cloud. The exact amount of the business deal is still unknown.

Google Cloud performs an internal restructuring of its cloud group.

Cornerstone Technology is an IT company specializing in mainframes. The Cornerstone’s service is based on an architecture in which mainframe programs are broken down into automated processes and transformed into a cloud format.

During 2019, Google Cloud earned $8.92 billion for Google. According to analysts, it is expected Alphabet Inc. stocks to rise after buying Cornerstone Technology.

You can buy Alphabet Inc. stocks through online stock brokers.

About the author

InvestorGreg Editorial Team

The InvestorGreg Editorial Team is a group of financial writers and analysts who cover the worlds of finance and investment. Read more

Recommended Financial Products

Fidelity

A household name, Fidelity has always been known to be a reputable investment firm. In our Fidelity Broker Review, we will examine some of the pros and cons of this broker as well as the fees charged by the broker.

Fidelity Review

Charles Schwab

Charles Schwab has been one of the leading full-service brokers for decades. They have more than $3 trillion in client assets and there are more than 10.5 million active brokerage accounts.

Charles Schwab Review

E*TRADE

ETrade is a broker that has long been at the forefront of online trading. They made their first online trade in 1982. Let’s take a look at the broker offering and see if they are right for you.

E*TRADE Review

Vanguard

Vanguard Brokerage, an excellent choice of broker for low cost longterm investment. The broker offers the lowest expense ratio for index funds and ETF's.

Vanguard Review

Full list of recommended Stock Brokers

Suggested For You

Alphabet Completed 4th Quarter with Net Profit FEB 6, 2019 Alphabet Inc., an American Holding Company owned by Google, made a net profit and revenue in the fourth quarter of 2018 above expectations, but its shares fell down.

Asian indices break down after arresting the director of Huawei DEC 7, 2018 The stock market negatively perceived the news of arresting the financial director of the Chinese company Huawei, Meng Wanzhou, by Canadian authorities.