Snowflake Expands Data Exchange Offering With Snowflake Private Data Exchange™ to Break Down Internal Data Barriers
Summary
“The Snowflake Private Data Exchange represents the future of managing and sharing data broadly and securely inside enterprise and institutional boundaries,” Snowflake CEO, Frank Slootman said. “At Coatue, we understand the role data plays in smart investing and we aim to be at the leading edge of data management,” Coatue Co-Founder and Senior Managing Director, Thomas Laffont said. “We are excited that Snowflake’s continued innovation in this area addresses the wider enablement of data within and across enterprises.” Cerberus Technology Solutions, the technology operating company and subsidiary of Cerberus Capital Management is focused exclusively on leveraging emerging technology, data and advanced analytics to drive transformations. “We’ll be using the Snowflake Private Data Exchange to empower our business and Cerberus affiliates with the ability to share, collaborate and build various proprietary datasets securely, in real-time. Snowflake’s technology will transform the way Cerberus and its affiliates do business, realize new sources of revenue and deliver value to our customers.” Financial institutions and other data-forward organizations across industries are especially positioned to leverage the benefits of the Snowflake Private Data Exchange with their growing interest in making informed business decisions bolstered by high quality, real-time data.