IBM Acquires Compose to Expand Cloud Data Services
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IBM (IBM) Acquires DBaaS Provider Compose, Inc.
July 23, 2015 12:01 PM UTCIBM (NYSE: IBM) 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... More
