Cloudant Reports Tenfold Increase in 2012 Monthly Recurring DBaaS Revenue
Database-as-a-service company notes milestones, including strategic
investment-development deals, global presence, partnerships, and more
BOSTON, Jan. 28, 2013
BOSTON, Jan. 28, 2013 /PRNewswire/ --Cloudant today announced milestones from
a successful year, with tenfold year-over-year growth in monthly recurring
revenue for its database-as-a-service (DBaaS) offering. Last year, the
company's headcount also grew to 45 employees, and its DBaaS business model
attracted new customers and partnerships that fueled global expansion.
(Logo: http://photos.prnewswire.com/prnh/20120509/NE04144LOGO )
In 2012, Cloudant's customer base grew to more than 12,000 multi-tenant
customers, including customers of its free services. In the past year, the
company has also added 50 customers who pay for dedicated clusters. New
customers include innovative mobile and Web application developers including
Hothead Games, AppAdvice, and LiveMocha. Cloudant was also prominently
featured during theLondon Olympics, where its technology was used to store
and analyze millions of tweets per day to create a data visualization
lightshow of Olympics sentiment on the London Eye.
Additional company successes during 2012 include:
oStrategic and expanded partnerships – In addition to its partnership with
SoftLayer Technologies, Cloudant expanded its global reach through a
recent collaboration with Rackspace, providing customers with an
easy-to-manage, scalable application database infrastructure.
Additionally, the company announced partnerships and support for its NoSQL
DBaaS with Windows Azure and Joyent Cloud.
oIncreased points of presence – Cloudant increased the footprint for its
data delivery network; its database service now spans five different
hosting partners and is available in 13 data center locations across
Europe, Asia, and North America.
oCommitment to open source – The company continued its commitment to the
open-source community by beginning to add the fault-tolerance features and
horizontal scalability of Cloudant's BigCouch fork into the next official
release of Apache CouchDB. As such, Cloudant now employs a third of
CouchDB project committers.
oNew search functionality – Cloudant added integrated text indexing and
search based on Apache Lucene. It is ideal for developers of online
education and research applications, sentiment analysis, or any
application that needs to provide fast, cost-effective storage and
analysis of large volumes of text data.
oExperienced leadership from Vertica and Akamai – Helping to drive
Cloudant's vision for commercial success, the company added leadership
from Vertica Systems: Vice President of Sales Tom O'Connell, Vice
President of Marketing Andy Ellicott, and former Vertica founding CEO Andy
Palmer, who joined the board of directors. Last month, the company also
named former Akamai Technologies executive Perry Stoll as vice president
of engineering and operations.
oGovernment momentum – The company announced a strategic investment from
In-Q-Tel, which promotes the use of Cloudant's distributed database
technology within the U.S. intelligence community.
oOpen Geospatial Consortium (OGC) membership – Cloudant also joined the OGC
to promote geospatial standards and location-based applications. Through
the membership, Cloudant aims to integrate geospatial standards into its
NoSQL DBaaS so that Web, mobile and proprietary application developers can
more easily introduce new geospatial features and analytics into their
"Cloudant's growth and commercial success in 2012 reflects growing interest in
database-as-a-service technology," said Cloudant CEO Derek Schoettle.
"Fast-growing Web and mobile app businesses are realizing that scaling and
administering a back-end database in-house is a costly, antiquated practice
that adds no competitive differentiation. Cloudant allows developers to focus
on what matters most: creating a great user experience. We look forward to
another strong year of growth, innovation, and satisfying customers."
Cloudant provides the world's first globally distributed database-as-a-service
(DBaaS) for loading, storing, analyzing, and distributing application data for
developers of large and/or fast-growing Web and mobile applications.
Cloudant's DBaaS is a managed service that helps developers eliminate the
delays, costs, and distractions inherent in working with databases and their
administrators, while providing unmatched scalability, availability, and
performance. This capability accelerates time-to-market and time-to-innovation
because it frees developers from the mechanics of data management so they can
focus exclusively on creating great applications. Cloudant is privately held
and backed by top-tier investors including Avalon Ventures, In-Q-Tel, and Y
Combinator. For more information, visit www.cloudant.com.
Davies Murphy Group, Inc.
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