Google sometimes launches new products and services without trying to give them much attention. That is the case with its new code repository platform, which it put into beta under the radar earlier this year. Its Cloud Source Repositories is a service that allows users to store, edit and share code based on Google's cloud apps.

While Google seemingly admitted defeat with its Code service after being put in the shadows by competitors like GitHub and BitBucket, it looks as though the company will be taking another stab at it, but from a different angle. The ever expanding service is, at this point, centered around Google Cloud Platform, but can act as a remote for Git repositories and is likely to only grow from there.

As many have suggested, Cloud Source's closest competitors come in the way of Amazon Web Services and Microsoft's Azure cloud/Visual Studio Online.

Google describes Cloud Source as a one-stop shop for everything Google Cloud Platform. It also promises a private Git repository that supports most of your existing tools, as well as a high degree of encryption to keeps things safe. There will be a beta API launching later this year and a new Google Cloud Debugger.

Along with a series of improvements as the service nears full launch, you can expect an official announcement from Google and in all likelihood, a fee to use it.