IBM buys another cloud company

IBM logoIBM has been hot on the acquisition trail in the last 18 months as it looks to position itself as market leader in cloud and software services in the cloud.

And today it said it had bought private company Compose for an amount it doesn’t need to disclose.

Compose specialises in MongoDB, Redis, Elasticsearch, PostgreSQL and other database as a service (DBaaS) components.

IBM said that open source databases such as MongoDB are a growing phenomenon in the cloud database market and estimates by 2019 that sector could be worth as much as $14 billion.

One of the functions enterprises and developer want is to make easy to build web and mobile applications.

IBM will add the support provided by Compose to its Bluemix complex.