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Google Cloud Buys Cornerstone Technology

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.

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InvestorGreg Editorial Team

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