Snowflake announced its intention to acquire Crunchy Data, a Postgres database partner, on Monday. The acquisition will provide Snowflake with technology required to launch Snowflake Postgres, an enterprise-grade PostgreSQL database.
While deal terms were not disclosed, a source familiar with the matter estimates the deal to be worth around $250 million. Snowflake declined to comment on the deal’s valuation.
Crunchy Data provides tools for companies to build with Postgres, an open source and object-relational database management system. The 13-year-old company’s clients include UPS, SAS, Moneytree, and the U.S. Department of Homeland Security.
According to a press release provided to TechCrunch, Vivek Raghunathan, SVP of engineering at Snowflake, stated, “Our vision is to deliver the world’s most trusted and comprehensive data and AI platform to our customers.” He added, “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 $350 billion market opportunity and a real need for our customers to bring Postgres to the Snowflake AI Data Cloud.”
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The acquired technology will soon be available in private preview. Partners include Blue Yonder and LandingAI. Snowflake launched new connectors for Snowflake customers to PostgreSQL and MySQL in 2024. Last year, Snowflake also acquired data management company Datavolo.
