Open-Source Startup Citus Data Acquired By Microsoft

The open-source company Citus Data has been acquired by US tech giant Microsoft with the aim of increasing the effectiveness and competitiveness of the cloud computing business of the company, said the tech company on Thursday.

The open-source database software PostgreSQL is the core product of the company Citus Data. The financials and other details of the deal were not disclosed by Microsoft.

This deal, according to Microsoft, would not only reaffirm the commitment of the US tech giant to Open Source and would speed up the performance and scale of the Azure PostgreSQL software, the company said. Citus Data was founded in 2011 and currently has about 40 employees.

“Working together, we will accelerate the delivery of key, enterprise-ready features from Azure to PostgreSQL and enable critical PostgreSQL workloads to run on Azure with confidence,” said Rohan Kumar, corporate vice president of Microsoft’s Azure Data.

Kumar added that Microsoft hopes that it would be able to work with the PostgreSQL community so that there is acceleration of innovation to customers and the deal would also help Microsoft to continue to further its pledge to develop Azure as the most comprehensive cloud which can be used to run open source and proprietary workloads at any scale.

In March 2018, the fully managed community-based database service for PostgreSQL was officially launched by Microsoft. After the deal, the service would also offer a new version of the PostgreSQL which would scales more efficiently in response to growing demand.

“Microsoft and Citus Data will further unlock the power of data, enabling customers to scale complex multi-tenant SaaS applications … with the familiar PostgreSQL tools developers know and love,” Kumar said.

Since Microsoft, the Washington state-based internet and software giant had made public the acquisition of the largest open-source coding site of the world – GitHubm in a deal worth 7.5 billion U.S. dollars in June 2018, the deal for talking over Citus Data is amongst the latest of the open-source tech companies to have joined Microsoft.

(Adapted from XinhuaNet.com)

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Categories: Entrepreneurship, Strategy, Sustainability, Uncategorized

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