NoSQL Vendor MarkLogic Announces Record Year
Says the growth in NoSQL database market will only accelerate
MarkLogic, the US-based developer of NoSQL database software, has announced its most profitable year to date, although the private company didn’t offer any numbers.
It has attributed the results to strong growth in European and Asia Pacific markets, and the release of MarkLogic 7 – its latest database platform which features data store elasticity, tiered storage and semantics capabilities.
“We continue to improve and enhance our platform with new enterprise features and search capabilities to further differentiate ourselves from the competition and provide customers with the industry’s best Enterprise NoSQL database platform for solving the most complex data integration challenges,” said Gary Bloom, CEO of MarkLogic.
Riding the wave
MarkLogic was founded in 2001 to address the emergence of XML as a document markup standard and XQuery as the means for accessing large collections of documents. Over time, the company evolved to take advantage of the emerging NoSQL movement, with a product that combines a database, search engine and application services together in one platform.
MarkLogic customers include the BBC, Associated Press, LexisNexis, Warner Bros. and the Royal Society of Chemistry.
During the year ending with 31 January, the company launched MarkLogic 7 – its most powerful and feature-rich enterprise platform. It also introduced new pricing and packaging, a free developer license and cloud-ready hourly pricing for Amazon Web Services.
To finance these changes, in April 2013 MarkLogic raised $25 million in venture capital. The investment paid off, in the shape of record license revenues.
“The market is awakening to what NoSQL is,” Adrian Carr, VP of EMEA at MarkLogic, told TechWeek. “Two years ago, when we met a customer, we had to explain what NoSQL was, and once we breached that gap, we had to look for use cases. Only then would they start to evaluate different vendors. Today, this cycle is compressing, and soon we’ll get to a point where people in the market already know that NoSQL is the answer to their data problems, and they just have to pick the right vendor depending on their challenges.”
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