IBM has reportedly entered into an agreement to acquire Boston, MA-based Cloudant, Inc., a privately held database-as-a-service (DBaaS) provider, that enables developers to easily and quickly create next generation mobile and web apps. Financial terms were not disclosed.
The deal aims at extending IBM’s Big Data and Analytics, Cloud Computing and Mobile offerings by further helping clients take advantage of these key growth initiatives. The acquisition will also strengthen IBM’s cloud solutions by providing developers with the tools and resources to build, test, deploy and scale cloud apps on a variety of hosting layers
Cloudant runs on the IBM SoftLayer platform, and extends IBM’s recent investment in the SoftLayer cloud infrastructure. As a global service sold in 140 countries, SoftLayer provides an easy cloud “on-ramp” to help clients quickly deploy mobile capabilities with the security, privacy and reliability of private clouds and the economy, flexibility and speed of a public cloud.
Till date the company has raised a total of USD 15.1 M funding from investors such as Y-Combinator, In-Q-Tel, Samsung Ventures and more.
“Our relationship with IBM and SoftLayer has evolved significantly in recent years, with more connected devices generating data at an unprecedented rate. Cloudant’s NoSQL expertise, combined with IBM’s enterprise reliability and resources, adds data layer services to the IBM portfolio that others can’t match.” said Cloudant CEO Derek Schoettle.
Clients across a variety of industries, including gaming, financial services, mobile device manufacturers, online learning, retail and healthcare are already using Cloudant technology.
The acquisition of Cloudant is expected to close in 1Q14. Following the close, Cloudant will join IBM’s newly formed Information and Analytics Group led by Senior Vice President Bob Picciano, a business unit within the IBM Software & Systems Group.
Last year, IBM made a total of 9 acquisitions including Aspera, Trusteer (USD 800 Mn), FiberLink, The Now factory, etc.
To contact the author, email at firstname.lastname@example.orgCategory Investments