IBM acquires Compose’s database as a service startup for an undisclosed sum. The company services about 3,600 clients that have created more than 100,000 databases. Compose offers services around MongoDB, Elasticsearch, RethinkDB, Redis and PostgreSQL allowing mobile and web developers to create apps without having to concern themselves with database backends. Co-founders MacKey and McKay:
Compose will be part of the IBM Cloud Data Services (CDS) group. It’s a great fit. We’ll be able to continue building what we think is important, with a brand we really like, and the same team that works so well together. All with the backing of a major company.
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.
Billionaire investor Buffett loses 1 billion on IBM stock as the stock plummets 15.05 at the start. IBM is Buffett’s third largest stock holding behind only Wells Fargo and Coca-Cola. IBM CEO Ginni Rommety denies rumors of the company splitting up.
There is no doubt that marketplace speed has increased. We have a very clear strategy about how to take this company to the future.
Apple and IBM announce that they plan to work together to create iPads and iPhones optimized for business use. The project is called IBM MobileFirst for iOS. They plan to include over 100 industry-specific applications on the devices, which can take advantage of IBM’s ability to handle large amounts of data stored on the cloud. Ginni Rometty, IBM’s CEO, says:
Mobility—combined with the phenomena of data and cloud—is transforming business and our industry in historic ways, allowing people to re-imagine work, industries and professions. This alliance with Apple will build on our momentum in bringing these innovations to our clients globally, and leverages IBM’s leadership in analytics, cloud, software and services.