Alphabet acquired Actifio, a transaction announced in December 2020.
Actifio operates in Cloud / Data management, is based in Waltham, Massachusetts, USA. Actifio was a leader in backup and disaster recovery, letting customers protect virtual copies of data in native format, manage them across their lifecycle and reuse them for development and testing. Google acquired it to strengthen Google Cloud's business-continuity and data-protection offering for workloads running both on-premises and in the cloud. The technology later became part of Google Cloud's Backup and DR service.
Google Cloud acquired Actifio to help enterprises prevent data loss and downtime from threats, failures and human error by protecting workloads on-premises and in the cloud.
Google Cloud (Backup and DR)
Advisory firms were not disclosed for this transaction.