Friday 16 March 2018

IBM buys cloud database startup Compose



The cloud and data analysis continue to be strategic imperatives for the hardware and software manufacturer.

The hardware and software manufacturer IBM has just announced the acquisition of the startup Compose, of San Mateo, California, specialized in cloud technology for databases and with around 3,600 companies as customers.

The economic details of the agreement have not been disclosed, but it is known, according to TechCrunch, that the acquired company will continue to operate as it has done so far, without its workers being affected by the agreement. Composer, formerly known as MongoHQ, will now be integrated into IBM's developer platform, BlueMix.

It has not been, in any case, an easy decision. On the contrary, according to the startup on its official website, it is "the most important choice" that they have had to make throughout their career, which started in 2010 with the support of the startup fund Y-Combinator. Since then it has obtained about 7 million dollars in financing from different investors. "As long as we continue to grow fast and profitable, it will be a good time to team up with a larger company," says founders Kurt Mackey and Jason McCay, who highlight IBM's "pedigree" chart in terms of databases. and the importance of "working with a brand you like".

IBM has long been immersed in a new and profound transformation, with which they seek to adapt to the new thriving market trends. At the beginning of the year, the multinational announced that in 2015 it planned to invest 4,000 million dollars in its cloud, mobile, data analysis and security businesses (which add to the several thousand invested in the past).

In addition, the company expects that these areas will report in 2018 approximately 40,000 million dollars, which would represent more than 40% of the total expected revenue.

Data analysis and cloud computing thus constitute "strategic imperatives" for IBM, in which the battle is especially bloody, as evidenced by the particular "aggressiveness" in which they have already acted with respect to them: only in centers of data for your cloud in 2014 spent 1,200 million dollars.

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