MarkLogic has entered into a definitive agreement to be acquired by Vector Capital, according to a press release on the data management vendor’s website.
MarkLogic touts more than 2,500 customers in an array of industries and verticals like government, the financial services, insurance, manufacturing, media, and healthcare. The news comes on the heels of MarkLogic’s July unveiling of Data Hub Central, a new capability of its MarkLogic Data Hub Service. Data Hub Central offers a simple user interface for self-service data integration for users of the MarkLogic cloud service.
MarkLogic offers an operational and transactional enterprise NoSQL database that is designed to integrate, store, manage, and search for data. Organizations can ingest structured and unstructured data with a flexible data model that adapts to changing data. It also natively stores JSON, XML, text, and geospatial data. MarkLogic’s Universal Index enables users to search across all data, and APIs enable application development and deployment.
In a media statement about the news, MarkLogic CEO Gary Bloom said: “Vector Capital’s collaborative approach and proven track record of building and scaling enterprise cloud and SaaS businesses will be instrumental to MarkLogic as we continue to innovate and expand. I am proud of what our highly skilled team has achieved in solving some of the world’s most complex data challenges at many of the largest and most complex companies and government organizations in the world.”
The MarkLogic acquisition is expected to close in the fourth quarter of 2020. Vector Capital is a global private equity firm specializing in investments in established technology businesses.
Solutions Review recently included MarkLogic among its Vendors to Know in Data Management for 2020.
Source: Solutions Review