MarkLogic

Last updated
Progress MarkLogic
Company type Public
Industry Software
Founded2001;24 years ago (2001)
FounderChristopher Lindblad
Headquarters
Burlington, Massachusetts
,
United States
Key people
Yogesh Gupta (President & CEO)
ProductsMarkLogic licenses, support, and consulting services
RevenueIncrease2.svg $100 Million [1]
Owner
Number of employees
500
Website progress.com/marklogic

MarkLogic is an American software business that develops and provides an enterprise NoSQL database, which is also named MarkLogic. They have offices in the United States, Europe, Asia, and Australia.

Contents

In February 2023, MarkLogic was acquired by Progress Software for $355 million. [2]

Overview

Founded in 2001 by Christopher Lindblad and Paul Pedersen, MarkLogic Corporation is a privately held company with over 500 employees [3] that was acquired by Vector Capital in October 2020. [4]

History

MarkLogic was originally named Cerisent when it was founded in 2001 [5] by Christopher Lindblad, who was the Chief Architect of the Ultraseek search engine at Infoseek, as well as Paul Pedersen, a professor of computer science at Cornell University and UCLA, and Frank R. Caufield, Founder of Darwin Ventures, [6] to address shortcomings with existing search and data products. The product first focused on using XML document markup standard and XQuery as the query standard for accessing collections of documents up to hundreds of terabytes in size.

In 2009, IDC mentioned MarkLogic as one of the top Innovative Information Access Companies with under $100 million in revenue. [7]

In May 2012, Gary Bloom was appointed as Chief Executive Officer. [8] He held senior positions at Symantec Corporation, Veritas Software, and Oracle. [9]

Post-acquisition, the company named Jeffrey Casale as its new CEO.

Funding

MarkLogic received its first financing of $6 million in 2002 led by Sequoia Capital, followed by a $12 million investment in June 2004, this time led by Lehman Brothers Venture Partners. [10] The company received additional funding of $15 million in 2007 from its existing investors Sequoia and Lehman. [10] The same investors put another $12.5 million into the company in 2009. [11]

On 12 April 2013, MarkLogic received an additional $25 million in funding, led by Sequoia Capital and Tenaya Capital. [12] [13] On May 12, 2015, MarkLogic received an additional $102 million in funding, led by Wellington Management Company, with contributions from Arrowpoint Partners and existing backers, Sequoia Capital, Tenaya Capital, and Northgate Capital. This brought the company's total funding to $173 million and gave MarkLogic a pre-money valuation of $1 billion. [14]

NTT Data announced a strategic investment in MarkLogic on 31 May 2017. [15]

Products

The MarkLogic product is considered a multi-model NoSQL database for its ability to store, manage, search JSON and XML documents and semantic data (RDF triples).

Releases

Licensing and support

MarkLogic is proprietary software, available under a freeware developer software license or a commercial "Essential Enterprise" license. [17] Licenses are available from MarkLogic or directly from cloud marketplaces such as Amazon Web Services and Microsoft Azure.

Technology

MarkLogic is a multi-model NoSQL database that has evolved from its XML database roots to also natively store JSON documents and RDF triples for its semantic data model. It uses a distributed architecture that can handle hundreds of billions of documents and hundreds of terabytes of data.[ citation needed ] MarkLogic maintains ACID consistency for transactions and has a Common Criteria certification security model, high availability, and disaster recovery. It is designed to run on-premises within public or private cloud computing environments like Amazon Web Services. [18]

MarkLogic's Enterprise NoSQL database platform is used in various sectors, including publishing, government and finance. It is employed in a number of systems currently in production. [18]

See also

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References

  1. ↑ "About MarkLogic - the Data Hub Experts".
  2. ↑ "Progress officially acquires MarkLogic". KMWorld. 2023-02-07. Retrieved 2023-05-01.
  3. ↑ "Corporate Event Expert Profile: Wendy Laugesen, Director of Global Events, MarkLogic | Corporate Event News". www.corporateeventnews.com. Retrieved 2020-06-02.
  4. ↑ "Vector Capital Completes Acquisition of MarkLogic". MarkLogic. Archived from the original on 1 November 2020. Retrieved 16 November 2020.
  5. ↑ "Company Overview of MarkLogic Corporation". Bloomberg. Retrieved 13 March 2017.
  6. ↑ Loizos, Connie (18 August 2008). "Like Father Like Son? Darwin Ventures Raising $100M". The PEHub Network. Retrieved 13 March 2017.
  7. ↑ "IDC Names Innovative Information Access Companies Under $100M to Watch, Highlighting New Ways to Leverage Information Assets". businesswire.com. Business Wire Inc. 2009-10-26. Retrieved 2017-01-31.
  8. ↑ Hoge, Patrick (17 May 2012). "MarkLogic appoints Gary Bloom CEO". San Francisco Business Times. Retrieved 27 January 2015.
  9. ↑ Foremski, Tom (17 May 2012). "Former senior Oracle exec Gary Bloom named CEO of Mark Logic". ZDnet. Retrieved 27 January 2015.
  10. 1 2 "MarkLogic: AngelList". Angel. AngelList. Retrieved 13 March 2017.
  11. ↑ Rao, Leena (2009-05-26). "Mark Logic Raises $12.5 Million For XML Server Software". techcrunch.com. TechCrunch. Retrieved 2017-01-31.
  12. ↑ Novet, Jordan. "MarkLogic nets $25M to keep up enterprise NoSQL pitch". GigaOM. Retrieved 23 November 2015.
  13. ↑ Joyce, Wells (11 April 2013). "MarkLogic Secures New $25 Million Investment and Targets Four Primary Product Areas". DBTA.com. Retrieved 27 January 2015.
  14. ↑ Darrow, Barb. "MarkLogic snags $102 million in new funding to push its database abroad". Fortune. Retrieved 23 November 2015.
  15. ↑ Lardinois, Frederic. "NTT Data announces strategic investment in NoSQL database provider MarkLogic". TechCrunch. Retrieved 2018-01-04.
  16. ↑ "MarkLogic 4.0 Introduces Stable of New Features for the XML Server". Information Today. 9 October 2008. Retrieved 27 January 2015.
  17. ↑ MacFadden, Gary (30 October 2013). "MarkLogic 7 Leads the NoSQL Class, Adding Semantics and Other Enhancements". Wikibon. Retrieved 27 January 2015.
  18. 1 2 Nick Heudecker; Merv Adrian (23 August 2013). Who's Who in NoSQL DBMSs (G00252015 ed.). Gartner.

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