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  • MarkLogic Acquired by Vector Capital

    October 7, 2020

    BUSINESSWIRE – Vector Capital today announced it has entered into a definitive agreement to acquire MarkLogic Corporation, a leading provider of enterprise data integration and data management solutions.

    MarkLogic’s technology simplifies the integration of enterprise data across silos to provide immediate business value. MarkLogic Data Hub Service is a fully managed cloud data platform that is able to reliably assemble raw data, index it in real time for powerful semantic search, and provide the ability to securely run operational and analytical applications at scale. Over 2,500 customers including government agencies, financial services firms, insurance companies, manufacturing businesses, media companies, healthcare providers, and others utilize MarkLogic as a complete solution to simplify data integration.

    “MarkLogic is pioneering innovative approaches to data integration in the large and attractive data management industry,” said Andy Fishman, a Managing Director at Vector Capital. “We see significant opportunities for growth and are looking forward to supporting the company as it seeks to capitalize on the increasing complexity of Big Data. MarkLogic’s highly advanced data management capabilities, top-notch talent pool, and blue-chip customer base position it for success and continued expansion.”

    “We are excited to partner with Vector Capital as we seek to expand our market leading enterprise data platform,” said Gary Bloom, MarkLogic’s Chief Executive Officer. “Vector Capital’s collaborative approach and proven track record of building and scaling enterprise cloud and SaaS businesses will be instrumental to MarkLogic as we continue to innovate and expand. I am proud of what our highly skilled team has achieved in solving some of the world’s most complex data challenges at many of the largest and most complex companies and government organizations in the world.”

    The proposed transaction is subject to customary closing conditions and is expected to close in the fourth quarter of 2020.

    About MarkLogic

    Data integration is one of the most complex IT challenges, and our mission is to simplify it. MarkLogic Data Hub Service is a highly differentiated data platform that eliminates friction at every step of the data integration process, enabling organizations to achieve a 360º view faster than ever. By simplifying data integration, MarkLogic helps organizations gain agility, lower IT costs, and safely share their data.

    Click here for the full press release.

     



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