Intapp and Snowflake: A Data-Driven Leap for Professional Services

The professional services industry has long been shackled by fragmented data systems, where critical insights are buried in silos and decision-making is slowed by manual processes. Enter Intapp, a leader in AI-powered software for advisory, legal, and capital markets firms, and its newly minted partnership with Snowflake, the cloud data platform. Together, they've forged a solution that could redefine how firms harness data to drive growth—and investors should take note.

Why This Partnership Matters

Professional services firms face two existential challenges: data silos and AI adoption lags. Data from client interactions, financial systems, and external markets often reside in disconnected platforms, making it nearly impossible to generate actionable insights. Meanwhile, the pressure to adopt AI-driven analytics has surged as competitors seek an edge.

The Intapp-Snowflake partnership attacks both issues head-on. By embedding Snowflake's AI Data Cloud directly into Intapp's DealCloud platform—the go-to tool for deal-making and client management—the integration allows firms to:
- Unify data from CRM systems, email, financial tools, and third-party sources into a single, cloud-based repository.
- Run advanced analytics in real time, using Snowflake's AI capabilities to predict market trends, assess risks, or identify cross-selling opportunities.
- Automate workflows, reducing manual data entry and accelerating decision-making.

For example, a private equity firm using DealCloud can now analyze transaction data alongside macroeconomic indicators, regulatory changes, and competitor activity—all within the same platform—to refine investment strategies.

Financial Fortitude and Strategic Momentum

Intapp's Q1 2025 results underscore its financial resilience and strategic vision. Total revenue hit $129.1 million, a 17% year-over-year jump, while SaaS revenue surged 28%, reflecting strong demand for cloud-based solutions. Non-GAAP diluted EPS of $0.26 beat estimates by a wide margin, signaling operational efficiency.

These figures matter because they validate Intapp's pivot toward high-margin SaaS and AI offerings. The Snowflake partnership isn't an isolated move—it's part of a broader strategy. Consider:
- Acquisition of Termsheet: Bolstered real assets capabilities, a fast-growing sector.
- DealCloud-MSCI Integration: Adds private market data to DealCloud, enhancing analytics for private equity and venture capital firms.
- AI Expansion: Intapp now offers tools like “AI-driven diligence” and predictive analytics, which are critical as clients seek more sophisticated solutions.

Analyst Sentiment and Market Position

Analysts are bullish. Evercore ISI recently noted that Intapp's AI investments could drive “multiyear revenue acceleration,” while BMO Capital highlighted its “unique position” in the $15 billion professional services software market. With a $4.37 billion market cap and 17.7% annual revenue growth, Intapp is already a leader, but the Snowflake tie-up could cement its dominance.

The partnership also aligns with Snowflake's broader ambitions. At its 2025 Summit, Snowflake unveiled tools like Snowflake Intelligence and the Data Science Agent, designed to automate machine learning workflows and unify data. For Intapp clients, this means access to cutting-edge AI without requiring in-house expertise—a critical advantage in a sector where talent is scarce.

Risks and Considerations

No investment is risk-free. Intapp's valuation—currently trading at ~12x 2025 revenue—may deter some investors, especially if macroeconomic headwinds slow deal activity. Additionally, the partnership's success hinges on seamless integration and adoption by firms resistant to change.

The Investment Case

For investors, the calculus is clear: Intapp is not just a software company but a platform for professional services transformation. The Snowflake deal amplifies its moat, while its financials and product pipeline suggest sustainable growth.

Buy or Hold?
- Buy: For investors seeking exposure to AI-driven SaaS and the professional services sector. Intapp's Q1 outperformance and strategic moves justify a position.
- Hold: If you're wary of valuation multiples or prefer defensive plays.

Final Thoughts

In an era where data is the ultimate currency, Intapp's partnership with Snowflake is a masterstroke. It's not just about solving today's challenges—it's about positioning Intapp as the go-to platform for the AI-powered professional services firm of the future. For investors, this could be a buy-and-hold opportunity in a sector ripe for disruption.

Disclosure: This analysis is for informational purposes only and should not be considered investment advice.