Enterprise-class Redis Cloud service provider Garantia Data has entered into an agreement to acquire MyRedis in a bid to strengthen it’s foothold in the in-memory NoSQL database market.
MyRedis will stop functioning as a service on July 30th, 2013.
– Miles Smith, CEO and owner, MyRedis.
This deal fuels the growing trend of market consolidation within the NoSQL database industry, which includes the recent Rackspace acquisitions of Exceptional Cloud Services and ObjectRocket.
“We are excited that users of MyRedis will now be able to take advantage of the high-availability and auto-failover capabilities of Redis Cloud, as well as its infinite seamless scalability and stable top performance,” said Miles Smith, CEO and owner, MyRedis.
“Our plan is to deliver a seamless transition so customers can immediately benefit from hosting their Redis datasets in the cloud with Redis Cloud,” he added.
MyRedis offers on-demand, low-latency, production-ready Redis instances for Web applications, through the Heroku and AppHarbor platforms-as-a-service.
“We remain committed to providing an enterprise-class service to businesses and developers for all of their Redis databases,” said Ofer Bengal, co-founder and CEO, Garantia Data.
“With the acquisition of MyRedis, Garantia Data is now well-positioned to emerge as a leading player in the Redis database market,” he added.
For more information, click here.