IBM has agreed to acquire cloud data services firm Compose for an undisclosed amount to expand its database portfolio.
Found in 2010, Compose offers auto-scaling, production-ready databases to help software development teams deploy data services quickly and easily.
The company provides MongoDB, Redis, Elasticsearch, PostgreSQL, and other database as a service (DBaaS) offerings targeted at web and mobile app developers.
Derek Schoettle, general manager of IBM Cloud Data Services, said the acquisition of Compose will expand IBM’s Bluemix platform for the many app developers seeking production-ready databases built on open source. It provides IBM with an enhanced framework to deliver highly sought after, production ready, cloud database services for developers.
“Compose furthers IBM’s commitment to ensuring developers have access to the right tools for the job by offering the broadest set of DBaaS service and the flexibility of hybrid cloud deployment,” Schoettle added.
IBM said the cloud database market is projected to be worth $14 billion by 2019, and open source databases like MongoDB are a significant part —and rapidly growing portion —of this sector.
According to IBM, thousands of clients across a variety of industries - including retail, IoT, higher education, marketing services and e-commerce - have created over 100,000 databases with Compose.