Google claims recession is over as it eyes acquisitions
Google claims the economic downturn is almost over as it reveals plans to make a string of acquisitions to expand its cloud computing operation.
Eric Schmidt, the search giant's chief executive, says "the worst of the recession is behind us" and that Google has begun "seriously looking at acquisitions" again.
In an interview with Nikkei, Schmidt said Google is keen to snap up venture-stage firms with potential for growth as part of a strategy to boost it cloud computing business.
The search giant claims the "personal computer era" will give way to the "age of cloud computing" over the next ten to 15 years.
Google's plan is to acquire companies that will help it develop and deploy web apps such as its recently unveiled Chrome operating system. The idea is that by encouraging people to use 'cloud-based' web apps users will rely less on localised operating systems like Microsoft's Windows.
The internet giant is banking on cloud computing meaning that more consumers will be using web-bases software and will therefore be more likely to click on Google's search ads.
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