Snowflake Announces Intent to Acquire Streamlit to Empower Developers and Data Scientists to Mobilize the World’s Data|||

The conquering will enable developers to build apps using tools they love with simplified data access and governance

No-Headquarters/BOZEMAN, Mont. & SAN FRANCISCO–(Concern WIRE)–$Snow #TheDataCloud—Snowflake (NYSE: SNOW), the Information Deject company, and Streamlit, a framework congenital to simplify and accelerate the creation of data applications, today announced that they have signed a definitive agreement for Snowflake to acquire Streamlit. With this strategic conquering, the two companies volition join forces to unlock the unrealized potential of data and brand it easier to build cute applications. Closing of the conquering is subject to the receipt of required regulatory approvals and other customary closing weather condition.



Developers want flexibility when working with information, simpler environments that require less authoritative work and maintenance, and immediate access to the data they need while maintaining the highest standards of governance. The Snowflake Information Cloud provides developers and data scientists with a secure collaboration hub for information they can trust. Thousands of customers already depend on the Snowflake Data Cloud for critical information workloads backed past leading security and governance.

Streamlit’s open up-source framework enables developers and data scientists to build and share data apps and to practise so speedily and iteratively, without the need to be an expert in front-finish development. Developers and information scientists already trust Streamlit for building information applications and interactive data experiences. Streamlit has over 8M downloads and more than 1.5M applications have been built using their framework.

Together, the 2 companies will enable developers to build apps using tools they love with simplified information access and governance. Streamlit users will benefit from greater resources for continued innovation on Streamlit’south framework and easier access to trusted and secure data to power their information applications. Snowflake customers will be able to leverage Streamlit’s robust app evolution framework to farther unlock data with the Snowflake Data Cloud. Both will do good from an even larger and more than active community contributing to the Streamlit framework.

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“At Snowflake, we believe in bringing together open standards and open up source with industry-leading data governance and security,” Snowflake Co-Founder and President of Products Benoit Dageville said. “When Snowflake and Streamlit come together, we will be able to provide developers and information scientists with a single, powerful hub to discover and collaborate with data they can trust to build next generation data apps and shape the futurity of information science.”

“Streamlit’s community of developers, open up source contributors, and creators is cadre to our success and we’re always looking for ways to further support the community with simple and powerful tools to build apps,” Streamlit CEO and Co-Founder Adrien Treuille said. “Past joining forces with Snowflake, both the Streamlit and Snowflake developer communities will be able to tap into cutting border technologies for unlocking information’s true potential.”

Learn More

  • Watch Snowflake & Streamlit Co-Founders equally they discuss how the two companies plan to join forces to empower data scientists and developers.
  • Read a bulletin from Streamlit’southward Co-Founder and CEO, Adrien Treuille, nigh how today’s announcement will open up new data frontiers for the Streamlit community.
  • Larn more almost how Snowflake and Streamlit plan to democratize data apps on the blog.

Forward-Looking Statements

This release relates to a pending acquisition of Streamlit, Inc. (“Streamlit”) by Snowflake Inc. (“Snowflake,” “our,” “we,” or “us”). This release contains frontward-looking statements inside the pregnant of Section 27A of the Securities Act of 1933, every bit amended, and Section 21E of the Securities Exchange Human action of 1934, as amended, regarding the anticipated benefits of the conquering, and the predictable impacts of the conquering on our business, products, financial results, and other aspects of our and Streamlit’s operations. The forward-looking statements contained in this release are discipline to known and unknown risks, uncertainties, assumptions, and other factors that may cause actual results or outcomes to be materially different from any future results or outcomes expressed or implied past the forward-looking statements. These risks, uncertainties, assumptions, and other factors include, simply are not limited to: the outcome of the announcement of the acquisition on the ability of Snowflake or Streamlit to retain central personnel or maintain relationships with customers, vendors, developers, community members, and other business partners; risks that the acquisition disrupts current plans and operations; the ability of the parties to complete the acquisition on a timely basis or at all; the satisfaction of the conditions precedent to consummation of the conquering, including the ability to secure regulatory approvals in a timely mode or at all; our ability to successfully integrate Streamlit’south operations; our and Streamlit’s ability to execute on our business strategies relating to the acquisition and realize expected benefits and synergies; our ability to compete effectively, including in response to deportment our competitors may have following declaration of the acquisition; the effects of COVID-19 or other public health crises; and the effects of the recent and developing armed disharmonize in Ukraine. Further information on these and additional risks, uncertainties, and other factors that could cause actual outcomes and results to differ materially from those included in or contemplated past the forward-looking statements independent in this release are included nether the explanation “Risk Factors” and elsewhere in our Form 10-Q for the fiscal quarter ended Oct 31, 2021 and other filings and reports nosotros make with the Securities and Commutation Commission from fourth dimension to time, including our Form ten-G that will be filed for the fiscal year ended January 31, 2022. Moreover, both nosotros and Streamlit operate in a very competitive and apace changing environment, and new risks may sally from fourth dimension to fourth dimension. It is not possible for us to predict all risks, nor tin can we assess the touch on of all factors on our business organisation or the acquisition, or the extent to which any gene, or combination of factors, may cause actual results or outcomes to differ materially from those independent in any forward-looking statements we may make. Forward-looking statements speak merely as of the date the statements are made and are based on information available to us at the time those statements are fabricated and/or our direction’south proficient faith belief every bit of that time with respect to hereafter events. Except as required by police, nosotros undertake no obligation, and exercise non intend, to update these forward-looking statements.

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About Snowflake

Snowflake enables every organization to mobilize their information with Snowflake’southward Information Cloud. Customers use the Data Cloud to unite siloed data, discover and securely share data, and execute diverse analytic workloads. Wherever information or users live, Snowflake delivers a unmarried data experience that spans multiple clouds and geographies. Thousands of customers across many industries, including 241 of the 2021 Fortune 500 and 488 of the 2021 Forbes Global 2000 (G2K) as of January 31, 2022, use Snowflake Information Cloud to power their businesses. Larn more at snowflake.com.

About Streamlit

Streamlit makes creating web apps from Python fast and easy. Information scientists are able to go from data and models to deployed apps in a matter of hours and only a handful of lines of code. Streamlit is backed by Sequoia, Gradient Ventures and GGV Capital. For more than information, visit http://streamlit.io or follow @streamlit.

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Source: https://www.dailyhostnews.com/snowflake-announces-intent-to-acquire-streamlit-to-empower-developers-and-data-scientists-to-mobilize-the-worlds-data