Rackspace Makes Investment in Cloudant for NoSQL DBaaS

Grazed from Talkin Cloud. Author: Chris Talbot.

Rackspace (NYSE: RAX) is the latest company to make an investment NoSQL database-as-a-service (DBaaS) provider Cloudant. The Rackspace investment of an undisclosed sum follows three months after Samsung Ventures made a similar strategic investment in the company.

According to a blog post by Pat Matthews, Rackspace’s senior vice president of Corporate Development, the investment in Cloudant has been made to reinforce the important of DBaaS and to help developers spend their time on building new features rather than maintaining databases. That’s where Cloudant’s DBaaS comes into play. The service was designed to "let developers focus on new development and not on operations."…

The Rackspace investment comes five months after Cloudant launched its NoSQL DBaaS offering on Rackspace’s open cloud platform as part of the Rackspace Cloud Tools program. Rackspace markets its own brand of Rackspace Cloud Databases, but as we noted on Talkin’ Cloud in February, the Cloudant DBaaS offering complements rather than competes with the Rackspace offering. And that seems even clearer now that Rackspace has funneled some cash into the NoSQL DBaaS provider…

Read more from the source @ http://talkincloud.com/cloud-computing-funding-and-finance/rackspace-makes-investment-cloudant-nosql-dbaas