Demonstrates Union Square Advisors’ continued strength in providing insight to disruptive, emerging Cloud, Big Data and Mobility companies
Union Square Advisors LLC is pleased to announce that Cloudant, Inc., a privately held database-as-a-service (DBaaS) provider that enables developers to easily and quickly create next generation mobile and web apps, has agreed to be acquired by IBM. Cloudant will extend IBM’s Big Data and Analytics, Cloud Computing and Mobile offerings by further helping clients take advantage of these key growth initiatives.
The acquisition of Cloudant will also strengthen IBM’s cloud solutions by providing developers with the tools and resources to build, test, deploy and scale cloud apps on a variety of hosting layers. Cloudant runs on the IBM SoftLayer platform today and extends IBM’s recent investment in the SoftLayer cloud infrastructure.
Union Square Advisors served as the exclusive financial advisor to Cloudant in this transaction, demonstrating the firm’s ongoing focus on advising on the most significant transactions in the Big Data/Analytics space.
Cloudant provides the world’s first globally distributed database-as-a-service (DBaaS) for loading, storing, analyzing, and distributing operational application data for developers of large and/or fast-growing web and mobile applications. Delivered as a managed cloud service, Cloudant technology 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. It also offers high availability, elastic scalability, and innovative mobile device synchronization. For more information, visit www.cloudant.com.
About Union Square Advisors
Union Square Advisors LLC is a leading investment banking firm serving technology companies through its mergers & acquisitions, private capital financing and IPO advisory services. Founded in 2007 by a group of the world’s premier technology banking professionals, with offices in San Francisco and New York, Union Square Advisors works with leading public and private firms across the technology landscape, including digital/new media, software, services, communications, storage, semiconductor and systems companies, as well as with the strategic capital providers that invest in these sectors. For more information on Union Square Advisors, please visit www.usadvisors.com.