Tag: Snowflake

Blue Blue snaps up cloudy Neudesic

Posted on February 17, 2022 by - News

Biggish Blue has acquired Microsoft Azure partner Neudesic to expand the tech vendor’s portfolio of hybrid multi-cloud and artificial intelligence services.

IBM said that Neudesic gives it more Azure cloud, data engineering and data analytics capabilities  The company has more than 1,500 cloud and data workers in the US and India.

IBM and Neudesic signed a definitive agreement for the acquisition in the fourth quarter of 2021, according to the statement.

Cloudy snowflake valued at $70 billion

Posted on September 18, 2020 by - News

Cloud vendor Snowflake saw its share price more than double on its opening day of trading, and its valuation rocket to $70 billion, just months after it reportedly mulled a listing that would value it at $20 billion.

Snowflake CEO Frank Slootman told Bloomberg he was “thrilled with the reception.

“What we have on the whole industry is a product that was built from the ground up, a clean sheet of paper by a group of people who are some of the world’s greatest database technology architects. It’s one that was lacking all this time and one that gets completely redesigned and re-imagined for cloud scale computing. It’s a completely different product architecturally.