I guess Google wants to have its hands in everything.
Reuters is reporting that Google is forming a spin off company focused on health called Calico:
The new company will be run separately from Google, the world’s largest Internet search company, with a focus on issues including life-threatening diseases and problems affecting mental and physical agility due to aging.
“While this is clearly a longer-term bet, we believe we can make good progress within reasonable timescales with the right goals and the right people,” Google Chief Executive Larry Page said in a Net posting on Wednesday.
Google did not provide any other details about the new company, including where it will be based, how many employees it will have or whether Page would have a direct role in its operations.
Google’s investment in Calico is “significant” and designed to allow the organization to invest in different projects, a source familiar with the matter told Reuters.
Hmmm…. This seems like a very interesting play. Healthcare is a big business so maybe they want to be on the cutting edge.
What do you think? Share your thoughts by posting a comment below.
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This entry was posted on September 18, 2013 at 3:01 pm and is filed under Commentary with tags Google. You can follow any responses to this entry through the RSS 2.0 feed.
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Google To Form Health Company
I guess Google wants to have its hands in everything.
Reuters is reporting that Google is forming a spin off company focused on health called Calico:
The new company will be run separately from Google, the world’s largest Internet search company, with a focus on issues including life-threatening diseases and problems affecting mental and physical agility due to aging.
“While this is clearly a longer-term bet, we believe we can make good progress within reasonable timescales with the right goals and the right people,” Google Chief Executive Larry Page said in a Net posting on Wednesday.
Google did not provide any other details about the new company, including where it will be based, how many employees it will have or whether Page would have a direct role in its operations.
Google’s investment in Calico is “significant” and designed to allow the organization to invest in different projects, a source familiar with the matter told Reuters.
Hmmm…. This seems like a very interesting play. Healthcare is a big business so maybe they want to be on the cutting edge.
What do you think? Share your thoughts by posting a comment below.
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This entry was posted on September 18, 2013 at 3:01 pm and is filed under Commentary with tags Google. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.