Snowflake to acquire Crunchy Data for $250m.

Snowflake, a cloud-based data storage company, agreed to acquire Crunchy Data, a provider of trusted open source PostgreSQL and enterprise PostgreSQL support, technology and training, for $250m. “Our vision is to deliver the world’s most trusted and comprehensive data and AI platform to our customers. Today’s announcement of our proposed acquisition of Crunchy Data represents another reason why Snowflake is the ultimate destination for all enterprise data and AI needs. We’re tackling a massive $350bn market opportunity and a real need for our customers to bring Postgres to the Snowflake AI Data Cloud," Vivek Raghunathan, Snowflake SVP.