Snowflake Inc. SNOW revealed its intent to get Crunchy Data at Snowflake Top 2025, bringing enterprise-grade PostgreSQL abilities to its AI Data Cloud platform.
The acquisition addresses growing need for safe, certified database services in expert system applications.
What Occurred: The offer will incorporate Crunchy Data’s PostgreSQL innovation into Snowflake Postgres, targeting the $350 billion database market chance. PostgreSQL stays the favored option amongst 49% of designers internationally, making this acquisition tactically considerable for Snowflake’s business clients.
” We’re dealing with a huge $350 billion market chance and a genuine requirement for our clients to bring Postgres to the Snowflake AI Data Cloud,” stated Vivek Raghunathan, SVP of Engineering at Snowflake. The business positions this as part of its extensive information and AI platform method.
Crunchy Data brings customized know-how in controlled environments, consisting of FedRAMP compliance, important for federal firms and Fortune 500 banks. “Our deep-rooted dedication to rigid security and extensive compliance has actually made us the relied on Postgres partner for companies throughout controlled markets,” stated Paul Laurence, Co-Founder at Crunchy Data.
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Why It Matters: Snowflake just recently reported strong first-quarter efficiency with earnings of $1.04 billion, up 26% year-over-year, beating expert price quotes of $1.01 billion. The business anticipates second-quarter item earnings of roughly $1.03-$ 1.04 billion, representing 25% development.
The acquisition needs regulative approval and popular closing conditions. Snowflake Postgres will be offered in personal sneak peek following offer conclusion, with the business dedicating to support existing Crunchy Data clients and the wider PostgreSQL neighborhood.
Cost Action: Snowflake stock closed at $210.17 on June 2, up 2.19%. After hours, it increased somewhat to $210.20. Year to date, the stock is up 33.43%, according to information from Benzinga Pro.
SNOW reveals weak development and assessment metrics based upon the Benzinga Edge Stock Ranking. Nevertheless, the stock is experiencing favorable momentum and a beneficial brief- to long-lasting cost pattern. Click on this link for the complete stock breakdown.
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