Snowflake Announces Intent to Acquire Mobilize.Net’s SnowConvert to Accelerate Legacy Migrations to the Data Cloud

Rhea-AI Summary

Snowflake (NYSE: SNOW) has announced its definitive agreement to acquire SnowConvert from Mobilize.Net, a suite of tools designed to streamline database migrations to the Data Cloud. This acquisition aims to facilitate the migration process, significantly reducing effort and time involved. SnowConvert has already converted over 1.5 billion lines of code, enhancing automated migration success rates. Snowflake's VP of Professional Services emphasized the importance of efficient legacy migrations, which enable customers to realize value sooner. The deal awaits regulatory approvals and customary closing conditions.

Positive

• Acquisition of SnowConvert enhances Snowflake's migration capabilities.
• SnowConvert has proven to significantly reduce migration effort and speed.
• Over 1.5 billion lines of code converted using SnowConvert indicates strong automation success.
• This acquisition expands Snowflake's professional services footprint in key regions.

Negative

• None.

SnowConvert, a Mobilize.Net suite of tools, has significantly reduced migration effort and greatly improved the speed of customer data migrations to the Data Cloud

No-Headquarters/BOZEMAN, Mont.--(BUSINESS WIRE)-- Snowflake (NYSE: SNOW), the Data Cloud company, today announced it has signed a definitive agreement for Snowflake to acquire SnowConvert, the premier suite of tools for efficiently migrating databases to the Data Cloud, from Mobilize.Net. Closing of the acquisition is subject to the receipt of required regulatory approvals and other customary closing conditions.

Snowflake Announces Intent to Acquire Mobilize.Net’s SnowConvert to Accelerate Legacy Migrations to the Data Cloud (Graphic: Business Wire)

A key challenge with platform migrations is the code conversion required to ensure that all legacy database functionality can be moved to the cloud with minimal time and effort. The SnowConvert toolkit has long been a preferred solution for migrating customer workloads to Snowflake, using sophisticated automation techniques that reduce the need for manual coding and help ensure migration projects are successful.

After converting more than 1.5 billion lines of code¹ with SnowConvert, the toolkit has proven to significantly reduce migration effort and greatly improve the speed of migrating legacy databases to Snowflake through the built-in analysis capabilities at a data-type and procedure level, as well as matching to Snowflake native types. In addition to legacy database conversions, SnowConvert also converts workloads written in Scala and Python, making it easy to transfer that code to Snowflake’s Snowpark developer environment.

“One of our key objectives at Snowflake is to make it as fast and simple as possible for our customers and partners to unlock value from data. For many organizations, that starts with the efficient migration of their legacy databases and applications to the Data Cloud,” said Ted Brackin, Snowflake VP of Professional Services. “With the acquisition of SnowConvert, we can help more customers, partners and more broadly our Snowflake partner network move more data and applications into the Data Cloud, enabling customers to obtain faster value from their investment in Snowflake sooner.”

“To ensure organizations can monetize all their data and generate the insights and services that differentiate their businesses, they need the speed and flexibility that a modern data platform provides,” said Tom Button, Chairman and CEO at Mobilze.Net. “By joining forces with Snowflake, customers will have seamless access to the premier suite of tools for migrating their data to Snowflake’s platform, so they can tap into the speed and agility of the Data Cloud sooner.”

SnowConvert will expand Snowflake’s professional services footprint in Costa Rica, Colombia, and Bellevue, Washington.

About Snowflake

Snowflake enables every organization to mobilize their data with Snowflake’s Data Cloud. Customers use the Data Cloud to unite siloed data, discover and securely share data, and execute diverse analytic workloads. Wherever data or users live, Snowflake delivers a single data experience that spans multiple clouds and geographies. Thousands of customers across many industries, including 543 of the 2022 Forbes Global 2000 (G2K) as of October 31, 2022, use Snowflake Data Cloud to power their businesses. Learn more at snowflake.com.

¹ of Dec 31, 2022

View source version on businesswire.com: https://www.businesswire.com/news/home/20230119005242/en/

Danica Stanczak

Sr. PR Manager, Snowflake

press@snowflake.com

Source: Snowflake Inc.

FAQ

What is the purpose of Snowflake's acquisition of SnowConvert?

The acquisition aims to enhance migration capabilities to the Data Cloud, making it easier and faster for organizations to transition their legacy databases.

How much code has SnowConvert converted prior to the acquisition?

SnowConvert has converted over 1.5 billion lines of code, showcasing its effectiveness in migration.

What are the expected benefits for customers after Snowflake acquires SnowConvert?

Customers can expect reduced migration effort and time, leading to quicker value realization from their investments in Snowflake.

Which regions will Snowflake expand into following the acquisition?

Snowflake plans to expand its professional services in Costa Rica, Colombia, and Bellevue, Washington.

What regulatory approvals are needed for the SnowConvert acquisition?

The acquisition is subject to required regulatory approvals and other customary closing conditions.