IBM buys cloud database startup, promises $1B in cloud software spend

IBM (IBM +1%) is acquiring Cloudant, provider of a distributed cloud database platform for app developers. Terms are undisclosed.

Cloudant's customer base includes Samsung, Microsoft, Adobe, and Fidelity. The company already relies on IBM-acquired SoftLayer's cloud infrastructure platform to deliver its services, which compete against Amazon Web Services' DynamoDB and solutions based on the open-source MongoDB.

All three solutions rely on NoSQL, a database architecture that differs from the age-old SQL (used by IBM's DB2, as well as ORCL's bread-and-butter database) through its support for semi-structured and unstructured data.

This feature, along with NoSQL's superior performance and scalability for certain apps, is leading the technology to be widely adopted for handling Web/cloud services and big data projects.

Separately, IBM is promising to invest $1B to bolster SoftLayer's cloud software/app platform offerings. Last month, Big Blue, increasingly looking to cloud services to halt its ongoing revenue declines, said it would invest $1.2B to build 15 new data centers for SoftLayer.

IBM/SoftLayer rival Rackspace (RAX +2.4%) owns a piece of Cloudant.

From other sites
Comments (3)
  • 123098567432
    , contributor
    Comments (763) | Send Message
    Smart move by IBM. Cloudant is already a big partner with Softlayer and this will help IBM take on Amazon Web Services.


    IBM is making all the right moves to become the leader in the cloud space.
    24 Feb 2014, 01:23 PM Reply Like
  • slam stocks
    , contributor
    Comments (1454) | Send Message
    Like the move. Not too expensive and works well in their efforts to continue pushing Cloud based businesses.
    24 Feb 2014, 07:52 PM Reply Like
    , contributor
    Comments (5167) | Send Message
    This is another example of how historically IBM successfully morphs itself into adapting to new technology for more growth and profitability.


    Then all of a sudden the market asks "how did IBM do that "?


    I've seen it happen many times over many decades.


    Long IBM
    24 Feb 2014, 09:28 PM Reply Like
DJIA (DIA) S&P 500 (SPY)
ETF Screener: Search and filter by asset class, strategy, theme, performance, yield, and much more
ETF Performance: View ETF performance across key asset classes and investing themes
ETF Investing Guide: Learn how to build and manage a well-diversified, low cost ETF portfolio
ETF Selector: An explanation of how to select and use ETFs