IBM Acquires Compose To Expand Cloud Data Services
The acquisition furthers IBM's commitment to accelerating developer productivity and innovation around open source and cloud data services. Financial terms were not disclosed.
IBM has announced the acquisition of San Mateo, CA-based Compose, Inc., a privately held company that provides MongoDB, Redis, Elasticsearch, PostgreSQL, and other database as a service (DBaaS) offerings targeted at web and mobile app developers. The acquisition furthers IBM's commitment to accelerating developer productivity and innovation around open source and cloud data services. Financial terms were not disclosed.
The cloud database arena is projected to be worth $14 billion by 2019, and open source databases like MongoDB are a significant part —and rapidly growing portion —of this sector. Driving this popularity among developers is the ability to make web and mobile applications easy to build and grow, without the distraction and monotony of back-end database and systems administration. Thousands of clients across a variety of industries, including retail, IoT, higher education, marketing services and ecommerce have created over 100,000 databases with Compose.