Security News > 2020 > July > Snow Software exceeds $100M in ARR fueled by rising cloud adoption and need to optimize IT budgets

Fueled by skyrocketing cloud adoption, increasing security threats and the need to optimize IT budgets, Snow started the year with 40% year-over-year growth in total ACV bookings driven by 115% growth in subscription ACV bookings.

"As organizations accelerate their reliance on cloud, complex hybrid environments are the new reality for many IT leaders, and Snow sits at the nexus of this transformation," said Vishal Rao, President and Chief Executive Officer at Snow.

Snow has continued to double down on innovation to address the growing market need for asset management, cost optimization and risk mitigation both on-premises and in the cloud.

Snow also acquired the leading hybrid cloud management company Embotics, and has seen strong demand for its award-winning Commander cloud management platform from both prospects and existing customers.

In 2020, Snow was named a Leader in the Gartner Magic Quadrant for Cloud Management Platforms for the second year in a row.

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