Snowflake Inc. (NYSE:SNOW) signed a definitive agreement to acquire Observe, Inc. on January 8, 2026. The acquisition will expand Snowflake?s capabilities in a $50+ billion IT operations management software market.
The acquisition is subject to receipt of required regulatory approvals and other customary closing conditions.
Greg Roussel, Seth Gottlieb, Alex Kassai, Grace M. Lee, Julie Crisp, Nineveh Alkhas, Kelly Fayne, Stephanie Adams, Ngoc Hulbig and Francesca Pisano of Latham & Watkins LLP acted as legal advisor for Snowflake Inc. Izzy Lubarsky, Steve Tonsfeldt, Ryan Genkin, Simon Trisk, Seamus Howard, Stephanie Gentile, Charles Haley, Joshua Mates, Jeremy Morrison and Michael Egan of Cooley LLP acted as legal advisor for Observe, Inc.
Snowflake Inc. is an artificial intelligence (AI) data cloud company. The Company provides a platform which powers the AI data cloud, enabling customers to consolidate data into a single source of truth to drive insights, apply AI to solve business problems, build data applications, and share data and data products. Its cloud-native architecture includes three independently scalable but logically integrated layers across storage, compute, and cloud services. The storage layer ingests massive amounts and varieties of structured, semi-structured, and unstructured data. The compute layer provides dedicated resources to enable users to simultaneously access common data sets for many use cases with minimal latency. The cloud services layer enables users to securely use AI within applications, tools, and processes. Its platform supports a wide range of product categories for customers’ business objectives, including analytics, data engineering, AI, applications and collaboration.
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