The acquisition will provide Rackspace’s Open Cloud customers with the NoSQL database.
Rackspace® Hosting has announced it has entered into a definitive agreement to acquire ObjectRocket, a MongoDB database as a service (DBaaS) provider. With ObjectRocket’s open source-based MongoDB solution, Rackspace will broaden its OpenStack-based open cloud platform to offer customers a NoSQL DBaaS. The ObjectRocket offering also immediately expands Rackspace’s capability to help customers shoulder big data in the cloud for today’s most demanding applications. The acquisition will close today.
According to a report from The 451 Group, “NoSQL software revenue is expected to grow at a CAGR of 82% to reach $215 million by 2015.” With the acquisition of ObjectRocket, Rackspace will establish a strong presence within the high growth, NoSQL database market. The ObjectRocket offering will be available in early March for Rackspace customers in its Chicago facility and will soon be deeply integrated across Rackspace's Open Cloud portfolio. ObjectRocket also leverages AWS Direct Connect to provide low latency and free bandwidth to AWS customers and will continue to be sold as a standalone service.