MarkLogic, the Californian data management platform, is to be acquired by Boston-based software development company Progress.
MarkLogic offers a proprietary multi-model NoSQL database, along with robust semantic metadata management and AI capabilities, complementing the larger Progress product portfolio. MarkLogic’s database is designed to store and search large amounts of data, supporting test data management, alongside regulatory and customer experience data.
Its no-code metadata management tool, Semaphore allows for deeper analysis of data, including auto-classification and natural language processing to extract additional information.
A global company with more than 2,000 employees in over 20 countries, Progress is publicly traded and headquartered in Massachusetts with a revenue of around $600m. It offers products in data connectivity, application development, digital experience and infrastructure management. Progress’ DevOps service, Chef, is built on open source tools and supports DevOps and infrastructure automation and compliance management.
“The key to the success of any business is its ability to tackle complex data challenges through informed decision making. To do this effectively, users must turn data into actionable insights—and that is what MarkLogic delivers,” said Yogesh Gupta, CEO of Progress (pictured).
The deal will close in early 2023, subject to obtaining regulatory approvals and satisfaction of other customary closing conditions. Once complete, MarkLogic products will complement the Progress portfolio, especially Progress DataDirect, which currently offers cloud and on-premises data connectivity solutions across relational, NoSQL, Big Data and SaaS data sources.
[Photo source: Progress Software]
