IBM Acquires Cloud Database Provider Compose
IBM has announced that it has acquired Compose, a database-as-a-service (DBaaS) vendor. "Compose's breadth of database offerings will expand IBM's Bluemix platform for the many app developers seeking production-ready databases built on open source," said Derek Schoettle, general manager of IBM Cloud Data Services. "Compose furthers IBM's commitment to ensuring developers have access to the right tools for the job by offering the broadest set of DBaaS services and the flexibility of hybrid cloud deployment."
Industry analyst Rob Enderle noted, "IBM is really serious about fleshing out their cloud services. Compose has a very powerful cloud open-source database platform which, coupled with IBM's database knowledge and IP, could become the leading cloud database offering. IBM is moving massively to become the leading cloud services provider and to get there continues to cherry pick firms to flesh out their offerings. This acquisition is in support of that strategy."
Researchers predict that the cloud database market could be worth $14 billion by 2019.