Snowflake's Smart Acquisition Should Excite Its Investors
The slowing economy and the plunging stock market may be at the top of the minds of most businesses, but smart companies with long-term focus are not getting bogged down by these near-term concerns. On the contrary, they're marching toward their goals with conviction and further extending their lead as competitors may take a more conservative posture.
Snowflake's (NYSE: SNOW) recently announced acquisition of Mobilize.Net's SnowConvert software platform is a great example. While all the details of the acquisition are not yet available and the news hasn't caught much attention, this is a move that should excite Snowflake's current and future investors. Here's why.
Snowflake's data cloud allows enterprises to assemble and analyze vast amounts of disparate data into a single unified data repository. With Snowflake, customers are breaking down the data silos within their organizations and are able to make smart data-driven decisions in a timely manner.
Source Fool.com
