Founded in 2001, MarkLogic was launched with the vision of creating a deep searchable database. Two decades later, it offers a multi-model NoSQL database and cloud data hub service, striving to establish itself as a leading player in these crowded spaces. Now, MarkLogic has acquired metadata management vendor Smartlogic, seeking to bolster its enterprise data management with the tools of another seasoned company added to its arsenal.
Smartlogic, like MarkLogic, has been around for what seems like an eternity in the data management space (15 years for Smartlogic, 20 for MarkLogic). Smartlogic offers solutions for managing metadata and knowledge graphs, as well as a semantic AI platform – called Semaphore, after the flag signaling technique – which exploits machine learning and language processing. natural over unstructured data to enrich models, identify documents, evaluate information in those documents, and more.
“This is an exciting next step for Smartlogic and I want to thank our entire team for their contribution to this achievement,” said Jeremy Bentley, CEO and Founder of Smartlogic, who will join the MarkLogic team. “As a member of the MarkLogic family, we will be in a better position to evolve our strong AI platform, invest in our market-leading technology, and provide even more customers with a unified data solution that can help solve their most complex business data problems. . “
While the companies have not disclosed the financial terms of the transaction, they have confirmed that as part of the deal, some members of the Smartlogic management team will join the MarkLogic management team. MarkLogic is part of the portfolio of San Francisco-based Vector Capital, which commented on the acquisition.
“Smartlogic unlocks the value of the large data sets that many companies rely on by leveraging sophisticated semantic AI to enable better decision making,” said Stephen Goodman, director at Vector Capital. “Smartlogic’s ability to deliver actionable insights complements MarkLogic’s powerful offerings and we’re excited to provide a more complete and informed perspective to customers through this combination. “
In announcing the acquisition, MarkLogic pointed out that Smartlogic’s customers – spanning a wide range of industries, from energy and healthcare to media and manufacturing – will prove to be a boon for SmartLogic as companies grow. increasingly rely on intensive data management.
“Businesses face much more complex data challenges than ever before,” said Jeff Casale, CEO of MarkLogic. “By acquiring and integrating a leading metadata and AI platform with Smartlogic, we are providing our customers with the tools to more easily unlock the enormous value embedded in human-generated content. We are very happy to work with Jeremy and his talented team as we grow the business and deliver better results to our clients.