Progress Software acquired database provider MarkLogic for €316 million ($355 million). The acquisition should help Progress Software deliver a complete semantic data platform.
The acquisition comes with MarkLogic’s NoSQL database management system, which primarily focuses on data integrations. The multipurpose database lends itself to various use cases, including document repositories, resource description framework stores and search engines.
MarkLogic has been owned by investment firm Vector Capital Management since 2020. Progress Software expects to complete the acquisition early this year.
Progress Software
Progress Software indicates that the integration of MarkLogic strengthens its existing product portfolio and growth strategy. The database provider’s stack is highly compatible with data management products such as the OpenEdge relational database and DataDirect integration engine solutions. MarkLogic’s metadata modelling functionality is seen as a particularly valuable asset.
Semantic data platform
Progress Software wants to use MarkLogic’s NoSQL database functionality to deliver a unified semantic data platform. Semantic data platforms help companies harmonize data from different sources and varying terminologies and syntax. A semantic database finds related data where other databases fail to see the match. This ultimately allows relationships to be built between different sources.
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