This Day On The Street
Continue to site right-arrow
ADVERTISEMENT
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here
Cramer's Action Alerts PLUS - See his portfolio and get alerts BEFORE every trade. Learn more NOW!

IBM Completes Acquisition Of Cloudant

ARMONK, N.Y., March 4, 2014 /PRNewswire/ --  IBM (NYSE: IBM) today announced that it has completed the acquisition of 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.

IBM Corporation logo.

Clients across a variety of industries, including gaming, financial services, mobile device manufacturers, online learning, retail and healthcare are already using Cloudant technology. For instance, video game developer  Hothead Games relies on Cloudant to scale application data for its popular series of  Big Win Sports mobile games on iPhone®, iPad® and Android™ phones and tablets. With Cloudant running on IBM SoftLayer, Hothead Games can efficiently handle large influxes of users, even when traffic spikes a hundred-fold.

Cloudant will extend IBM's leadership in  Big Data and Analytics, Cloud Computing and Mobile, further helping clients take advantage of these key areas of growth for their businesses. It joins IBM's newly formed Information and Analytics Group, a business unit within the IBM Software & Systems Group led by Senior Vice President Bob Picciano.

"With the acquisition of Cloudant, IBM is helping to fuel a new era of next generation mobile and web apps built on the cloud," said Sean Poulley, vice president, Databases & Data Warehousing, IBM. "Boosting IBM's Big Data and Analytics, Cloud Computing and Mobile offerings, Cloudant's open, cloud database service will bring entirely new levels of simplicity and scalabilty to developers."

Cloudant, an active participant and contributor to the open source database community Apache CouchDB™, delivers high availability, elastic scalability and innovative mobile device synchronization. Cloudant's JSON cloud-based data service allows mobile and web developers to quickly and easily store and access the explosion of mobile data using an application programming interface (API) that is significantly easier to use than alternatives. Increasingly, developers have embraced NoSQL databases because of their flexibility, and JSON has become the predominant NoSQL database technology for mobile and web app developers.

"Our decision to join IBM marks a clear shift in the way modern software is built," said Cloudant CEO Derek Schoettle. "A new generation of developers has grown up coding against web frameworks and cloud infrastructure. When Cloudant launched in 2010, we knew this next wave of innovation would be a core market for our service. Now in 2014, we're seeing web development transition to the enterprise, and, as part of IBM, we couldn't be in a better spot."

Cloudant complements IBM's Big Data and Analytics portfolio by extending traditional data management technologies and providing a database -as -a -service to enable clients to simplify and accelerate the development of scalable mobile and web apps.

It also is integral to IBM's MobileFirst solution, enabling developers who use Worklight, IBM's mobile app development software, to quickly create flexible, reliable and scalable apps that include a variety of structured and unstructured data.

The Cloudant technology will also help strengthen IBM's cloud computing offerings 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 today and its database services will be available on BlueMix, IBM's new platform-as-service (PaaS) that combines the strength of IBM software, third-party and open technologies to enable developers to create apps in the cloud.

About CloudantCloudant provides the world's first globally distributed database-as-a-service (DBaaS) for loading, storing, analyzing, and distributing operational application data for developers of large and/or fast-growing web and mobile applications. Delivered as a managed cloud service, Cloudant technology accelerates time-to-market and time-to-innovation because it frees developers from the mechanics of data management so they can focus exclusively on creating great applications. It also offers high availability, elastic scalability, and innovative mobile device synchronization. For more information, visit https://cloudant.com/ 

For more information about IBM Big Data and Analytics, visit http://ibm.co/bigdataanalytics 

For more information on IBM Cloud, visit http://www.ibm.com/cloud-computing/us/en/ 

For more information on IBM MobileFirst, visit http://www.ibm.com/mobilefirst/us/en/ 

Android is a trademark of Google Inc. "Apache," "Apache CouchDB," and "CouchDB" are registered trademarks or trademarks of the Apache Software Foundation in the United States and/or other countries. iPhone and iPad are trademarks of Apple. All other brands and trademarks are the property of their respective owners.

Media Contact Faye Abloeser IBM Media Relations  1-908-770-0762 abloeser@us.ibm.com   

Logo - http://photos.prnewswire.com/prnh/20090416/IBMLOGO

SOURCE IBM

Copyright 2011 PR Newswire. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Try it NOW
Only $9.95
Try it NOW
14-Days Free
Try it NOW

Check Out Our Best Services for Investors

Dividend Stock Advisor

David Peltier identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Options Profits

Our options trading pros provide over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • Actionable options commentary and news
  • Real-time trading community
Try it NOW
Try it NOW
Try it NOW
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!
SYM TRADE IT LAST %CHG

Markets

DOW 17,776.12 -200.19 -1.11%
S&P 500 2,067.89 -18.35 -0.88%
NASDAQ 4,900.8850 -46.5560 -0.94%

Partners Compare Online Brokers

Free Reports

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs