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MongoDB acquires cloud database service

Oct. 09, 2018 4:21 PM ETMongoDB, Inc. (MDB) StockBy: Brandy Betz, SA News Editor1 Comment
  • MongoDB (NASDAQ:MDB) acquires cloud database service company mLab for undisclosed terms. The deal is expected to close in Q4.
  • The startup currently has about 1M hosted databases on its platform including both free and paid tiers.
  • MongoDB’s acquisition will “help deepen its relationships with developer-centric startup communities.”
  • MDB shares are up 0.6% aftermarket to $68.59. 

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