IBM has agreed to buy Cloudant, a US-based distributed database-as-a-service (DBaaS) company, for an undisclosed sum.
Most recently, in May 2013, Cloudant raised a $12m series B funding round from Devonshire Investors, the corporate venturing unit of mutual fund manager Fidelity, Rackspace Hosting, Toba Capital, The series B round has also seen Cloudant’s existing investors In-Q-Tel, Avalon Ventures and Samsung Venture Investment Corporation.
“IBM is leading the charge in helping its clients take advantage of big data, cloud and mobile,” said Sean Poulley, vice president, Databases & Data Warehousing, IBM. “Cloudant sits squarely at the nexus of these three key transformational areas and enables clients to rapidly deliver an entirely new level of innovative, engaging and data-rich apps to the marketplace.”
“IBM has a rich history in the field of data management, and one that will truly differentiate Cloudant’s technology in the marketplace,” said Cloudant co-founder Adam Kocoloski. “Joining IBM allows Cloudant to innovate faster than ever before, and IBM’s track record in open source software gives us complete confidence in our ongoing collaboration with the Apache CouchDB project. Cloudant could not have found a better home than IBM.”