Snowflake acquires Mobilize.net tools to aid cloud migration
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The vendor purchased SnowConvert, a set of tools designed to automate some of the onerous coding work required to migrate data out of on-premises databases to the cloud. Snowflake has reached an agreement to acquire SnowConvert, a suite of tools developed by Mobilize.net that enables users to migrate their on-premises data to Snowflake's cloud data warehouse. Financial terms of the deal, unveiled on Jan. 19, were not disclosed. Snowflake declined to say when the acquisition might close. Founded in 2012 and based in Bozeman, Mont., Snowflake is a data cloud vendor whose data warehouse enables customers to access and work with their data. Competitors include other rising data cloud vendors such as Databricks and SingleStore as well as cloud computing giants like AWS, Google and Microsoft. In 2020 Snowflake set the record for the most profitable IPO in history by a technology vendor, raising $3.4 billion. Mobilize.net was founded in 2012 and is based in Bellevue, Wash. The vendor develops applications aimed at automating and simplifying a variety of business processes. On the same day Mobilize.net sold SnowConvert to Snowflake, it also sold its application migration business unit to Growth Acceleration Partners. While only the acquisition of a set of tools and not the purchase of an entire company, Snowflake's acquisition of SnowConvert stands to benefit potential Snowflake...
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