MarkLogic, a provider of enterprise data integration and data management solutions, is being acquired by Vector Capital, a private equity firm specializing in transformational investments in established technology businesses.
“We are excited to partner with Vector Capital as we seek to expand our market-leading enterprise data platform,” said Gary Bloom, MarkLogic’s CEO. “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.”
Andy Fishman, a managing director at Vector Capital, said the private equity firm sees significant opportunities for growth and is 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.”
The MarkLogic Data Hub Platform brings multi-structured data together and curates it for both transactional and analytical purposes—ingesting data as is from any source, indexing it for immediate query and search, and curating it through a process of harmonization, mastering, and enrichment. The Data Hub is powered by the MarkLogic Multi-Model Database, a NoSQL database that meets enterprise requirements for security and transactional consistency. A data hub can be deployed with MarkLogic Data Hub Service, a fully managed cloud service, and can also be self-managed in any environment (cloud, hybrid, or on-premise).
“MarkLogic has differentiated itself through its powerful technology platform and proprietary products. The company’s game-changing, automated cloud service offering, MarkLogic Data Hub Service, leverages its unparalleled capabilities across data integration, indexing and search, transaction support, and security,” said Stephen Goodman, a vice president at Vector Capital. “We are thrilled to work with MarkLogic’s talented team to continue providing tremendous value to enterprise and government customers.”
The proposed transaction is expected to close in the fourth quarter of 2020.
For more information, visit www.vectorcapital.com and www.marklogic.com.