MongoDB to buy open-source mobile database startup Realm for £30m

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MongoDB announced on Wednesday (April. 26th) that it has entered an agreement to buy realm, the company behind the Realm mobile database and Synchronization platform, for $39m (£30m) in cash.

The acquisition will apparently deepen MongoDB’s relationship with developer communities focused on mobile and serverless development, MongoDB said in a press release.

The company has more than 100,000 developers using its products and the solution has been downloaded more than 2 billion times.

“Realm is incredibly popular with mobile developers because it makes it easy for them to work with data to accelerate innovation, which is very consistent with our own philosophy,” MongoDB President and CEO Dev Ittycheria said in a statement.

“This acquisition is a natural fit for our global cloud database, MongoDB Atlas, as well as a complement to Stitch, our serverless platform.”

Realm CEO David Ratner said the deal is “the perfect marriage” that allows the company to help mobile developers reach their objectives.

“Together, we will work to deliver innovative solutions from Cloud to the Edge, providing highly responsive user interfaces and experiences to an even larger community of mobile developers.”

The deal is expected to close in the second quarter of MongoDB’s fiscal year ending Jan.21, 2020, subject to the satisfaction of customary closing conditions.

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