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New Deal


Announced

Snowflake to acquire Neeva.

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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Private

Domestic

Majority

Software

United States

private search engine

Acquisition

Pending

Friendly

Single Bidder

Synopsis

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Snowflake, a cloud data platform that provides a data warehouse-as-a-service designed for the cloud, agreed to acquire Neeva, an ad-free, private search engine that helps its users find exactly what matters to them. Financial terms were not disclosed. "We plan to infuse and leverage these innovations across the Data Cloud to the benefit of our customers, partners and developers. Neeva allows us to tap into some of the most cutting-edge search technologies available to bring search and conversation in Snowflake to a new level," Benoit Dageville, Snowflake Co-founder.

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