Snowflake to acquire database startup Crunchy Data
Snowflake announced its acquisition of Crunchy Data, a Postgres database partner, for an estimated $250 million, continuing the trend of data company acquisitions.
MAIN POINTS
- Snowflake is acquiring Crunchy Data, a Postgres database partner.
- The acquisition is part of a trend in data company acquisitions.
- The estimated value of the deal is around $250 million.
- Snowflake has not disclosed the terms of the acquisition.
TAKEAWAYS
- Snowflake's acquisition strategy includes expanding through purchasing database partners.
- The data industry is experiencing a significant increase in acquisition activity.
- Financial details of such acquisitions are often kept confidential.
- Partnerships with database companies are valuable for cloud data platforms like Snowflake.