Managed and distributed database technology firm Cloudant announced a set of company milestones from 2012 this week, most notably, twelve-fold growth in recurring monthly revenue numbers that may hint at a big future for the company’s database as a service business model.
Cloudant says that during 2012, a year that saw its staff grow to 45 employees, the company’s customer base grew to more than 12,000 multi-tenant customers, counting both free customers, as well as the 50 that pay for its dedicated clusters.
Cloudant provides a hosted database solution using a scalable data layer on top of Apache CouchDB. It is designed to provide a solution to the challenging of handling and analyzing big data. The company’s multi-tenant solution includes a free trial, and is priced per GB stored, and per data access request.
Dedicated pricing is per-node; the Cloudant website asks customers to contact the company for pricing. Among the customers the company served during 2012 was a London Olympics project that stored and analyzed millions tweets per day to create a “lightshow of Olympics sentiment” on the London Eye.
Along with the revenue growth, Cloudant’s 2012 milestones included new partnerships with companies including SoftLayer and Rackspace; the addition of new points of presence in Europe, Asia, and North America; the inclusion of some of Cloudant’s BigCouch fork into the official CouchDB code; the addition of new search functions; a group of key appointments; the promotion of its technology in the US intelligence community; and membership in the Open Geospacial Consortium.
“Cloudant’s growth and commercial success in 2012 reflects growing interest in database-as-a-service technology,” said Cloudant CEO Derek Schoettle, quoted in the press release. “Fast-growing web and mobile app businesses are realizing that scaling and administering a back-end database in-house is a costly, antiquated practice that adds no competitive differentiation. Cloudant allows developers to focus on what matters most: creating a great user experience. We look forward to another strong year of growth, innovation, and satisfying customers.”
Talk back: do you offer customers a big data solution, or a hosted database offering? Have you weighed building a solution or partnering with a provider such as cloudant? Let us know in the comments.