This $2.9 billion company's stock skyrocketed after signing a key deal with Google

Sudheesh Nair, president of Nutanix, has had a very profitable day.NutanixSudheesh Nair, president of Nutanix, has had a very profitable day.

Nutanix’s stock got a big boost Wednesday after the upstart cloud software provider announced a new partnership with Google.

The company will work with Google to give joint customers a unified public cloud service that combines the Nutanix environment with the Google Cloud Platform, Nutanix announced.

Investors cheered the news. Nutanix’s stock jumped up 9.23% during regular trading, closing at $20.36. It went up another 1.18% to $US20.60 in after-hours exchanges.

The deal between Google and Nutanix will ultimately give enterprises the ability to manage applications running both on Google’s cloud and on their own servers, so they appear to be running in just one place. That could allow enterprises to tap into Google’s processing power while keeping their data on their own servers. Before, Nutanix provided a cloud-like experience to enterprises that relied on their own private, on-premise servers.

“Hybrid Cloud needs be a two-way street,” said Sudheesh Nair, president of Nutanix, in a statement. “The strategic alliance with Google demonstrates our commitment to simplify operations for our customers with a single enterprise cloud OS across both private and public clouds — with ubiquity, extensibility and intuitive design.”

Get the latest Google stock price here.

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