Dive Brief:
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IBM has added to its cloud offerings with the purchase Database-as-a-Service provider Compose.
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Compose provides multiple DBaaS offerings aimed at Web and mobile app developers.
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Compose supports five popular open source databases, including MongoDB, Redis, Elasticsearch, PostgreSQL, and RethinkDB.
Dive Insight:
"We're targeting what we think is the next generation of builders that is trying to build applications that are cloud-native and built on top of a whole suite of cloud services that encompass content, data, and analytics," said Derek Schoettle, general manager of IBM cloud services.
IBM has been struggling lately. Last week, the company announced a continuing drop in hardware and software sales last quarter. IBM’s technology services division was down 12%, software dropped 10%, and hardware revenue was down 32%.
Recognizing its vulnerability, IBM has invested in several new lines of business, including cloud, analytics and IoT.