MongoDB Acquires Mobile Database Source Realm For $39M

Realm’s products and tools are used by over 100,000 developers and 350 companies.

MongoDB Acquires Mobile Database

MongoDB released the statement in their blog that MongoDB has entered into the agreement to acquire the Realm, a light-based open-source database for mobile applications. The acquisition deal is reported to be closed at $39 million in cash with subject to certain adjustments.

The acquisition is supposed to close in the second quarter of MongoDB's fiscal year by January 31, 2020. The deal will be completed on the basis of the satisfaction of customary closing conditions.

Dev Ittycheria, President & CEO, MongoDB, said,

MongoDB and Realm, both companies believed that database is the key area of mobile application development. The acquisition of the Realm’s open source online database will improve the MongoDB’s relationship with mobile developers. The company will also get user base and engineering talent.

He further added,

Realm is a compact engine that included kernel written in C++ for performance with APIs allowing developers to create the logic in the language of choice. Currently, there are 100,000 developers that are using its product. Over 350 companies are using its data synchronization tools for transferring the data between mobile devices, and the cloud.

David Ratner, CEO of Realm stated,

It is expected that the Realm’s future plan will be targeted towards optimizing connectors to the MongoDB mother ship. The integration for extension of the IDE  for writing applications to a MongoDB back end is also on the block. The further details will be announced at the MongoDB World customer conference in mid-June.

Manish <span>Content Strategist</span>
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Manish Content Strategist

With a mixture of literature, cinema, and photography, Manish is mostly traveling. When he is not, he is probably writing another tech news for you!

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