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New Deal


Announced

Snowflake to acquire LeapYear.

Financials

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Transaction Value-
Consideration TypeCash
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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Pending

data science

Friendly

United States

machine learning

Domestic

Majority

cryptography

cloud-based enterprise software

Private

data security

Acquisition

Single Bidder

Software

Synopsis

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Snowflake, a cloud data warehousing company, agreed to acquire LeapYear, a software company that enables analysis and sharing of sensitive data. Financial terms were not disclosed. "To further our mission of mobilizing the world’s data — including some of the most sensitive data — Snowflake is announcing its intent to acquire LeapYear, a differential privacy platform, and bring the LeapYear team and technology into Snowflake to help our customers leverage previously off-limits data. For these sensitive use cases, differential privacy augments private data collaboration with mathematically proven-privacy protection. LeapYear’s technology has shown that it can enable the largest enterprises to break down data silos, form data partnerships, and accelerate the adoption of machine learning. We look forward to working with the LeapYear team to mobilize the world’s most sensitive data," Carl Perry, Snowflake Director of Product Management.

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