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IBM To Buy In-Q-Tel-backed Cloudant

02/25/2014

IBM today announced a definitive agreement to acquire Boston, MA-based Cloudant, Inc., a privately held database-as-a-service (DBaaS) provider that enables developers to easily and quickly create next generation mobile and web apps.

Cloudant will extend IBM’s Big Data and Analytics, Cloud Computing and Mobile offerings by further helping clients take advantage of these key growth initiatives. Financial terms were not disclosed.

Clients across a variety of industries, including gaming, financial services, mobile device manufacturers, online learning, retail and healthcare are already using Cloudant technology.

“IBM is leading the charge in helping its clients take advantage of big data, cloud and mobile,” said Sean Poulley, vice president, Databases & Data Warehousing, IBM. “Cloudant sits squarely at the nexus of these three key transformational areas and enables clients to rapidly deliver an entirely new level of innovative, engaging and data-rich apps to the marketplace.”

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