NoSQL Vendor MarkLogic Announces Record Year

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.”

What do you know about Big Data analytics? Take our quiz!

Max Smolaks

Max 'Beast from the East' Smolaks covers open source, public sector, startups and technology of the future at TechWeekEurope. If you find him looking lost on the streets of London, feed him coffee and sugar.

Recent Posts

UK’s CMA Readies Cloud Sector “Behavioural” Remedies – Report

Targetting AWS, Microsoft? British competition regulator soon to announce “behavioural” remedies for cloud sector

13 hours ago

Former Policy Boss At X Nick Pickles, Joins Sam Altman Venture

Move to Elon Musk rival. Former senior executive at X joins Sam Altman's venture formerly…

15 hours ago

Bitcoin Rises Above $96,000 Amid Trump Optimism

Bitcoin price rises towards $100,000, amid investor optimism of friendlier US regulatory landscape under Donald…

16 hours ago

FTX Co-Founder Gary Wang Spared Prison

Judge Kaplan praises former FTX CTO Gary Wang for his co-operation against Sam Bankman-Fried during…

17 hours ago