Snowflake executives confirmed during a conference call that the acquisition of Observe has been completed.
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This acquisition is conducted through a combination of cash and stock, with a total transaction value of approximately $600 million. This acquisition marks a significant advancement in Snowflake's strategic layout of its data cloud platform. By integrating Observe's observability technology, Snowflake will further enhance its data service capabilities, providing enterprise clients with more comprehensive data analytics solutions. After the transaction is completed, the Observe team will be incorporated into Snowflake's existing organizational structure to jointly promote product technology integration and business expansion.
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