Snowflake has agreed to acquire Datavolo, a provider of a single platform developed to automate and manage structured and unstructured data flows between enterprise data sources.
The artificial intelligence data cloud company said Wednesday the move is aimed at deepening its service in the ‘bronze layer’ of the data lifecycle and enabling data engineering teams to integrate their enterprise systems with Snowflake’s unified platform.
Commenting on the potential acquisition, Sridhar Ramaswamy, CEO of Snowflake, said, “By bringing Datavolo into the Snowflake fold, we are expanding how much of the data lifecycle Snowflake captures – unlocking both simplicity and cost savings for our customers, without any sacrifice to data extensibility.”
Snowflake also seeks to accelerate its business in the public sector by continuing to maintain and nurture Datavolo’s Apache NiFi, which was initially open sourced by the National Security Agency.
The project for secure data processing and distribution, once fully integrated into the Snowflake platform, will serve as the basis if the latter’s open and extensible connectivity platform for structured and unstructured data.
“By joining forces with Snowflake, we can empower our customers with the immense scale and radical simplicity of Snowflake’s platform, ultimately unlocking data engineering for more users,” said Joe Witt, Co-founder and CEO of Datavolo and co-creator of Apache NiFi.
The latest move follows Snowflake’s acquisition of data analytics firm Night Shift Development to expand its public sector portfolio.
