Google has entered into a definitive agreement to acquire Elastifile, a provider of scalable, enterprise file storage for the cloud. The acquisition of Elastifile is expected to be completed later this year and is subject to customary closing conditions, including the receipt of regulatory approvals, said Google in a blog post.
Upon the close of the acquisition, Elastifile will join Google Cloud.
Terms of the transaction were not shared, but the deal has a reported $200 million price tag.
Elastifile was founded in 2013, and has offices in Santa Clara, California, with R&D offices in Herzliya, Israel. The storage startup’s investors include LightSpeed Venture Partners, Battery Ventures, Dell Technologies Capital, Cisco, and Western Digital.
[Image courtesy: Google]