Mongo DB Position upon Filing IPO
November 9, 2017
This article at Datamation, “MongoDB’s Mongo Moment,” suggests MongoDB is focused on the wrong foe. As the company filed for its $100 million IPO, its CEO Dev Ittycheria observed that competitor Oracle is “vulnerable” because it has lost appeal to developers. However, writer Matt Asay asserts developers never were very fond of Oracle, and that MondoDB’s real competition is AWS (Amazon Web Services). He posits:
As mentioned, however, the real question isn’t about MongoDB’s impact on Oracle, any more than MySQL had a material impact on Oracle. No, the question is how relevant MongoDB is to the growing population of modern applications. Quite simply: this is where the action is. As VMware executive (and former MongoDB executive) Jared Rosoff reasons, ‘Old workloads grew one database server at a time. New workloads add tens or hundreds of servers at a time.’
Indeed, as MongoDB vice president of cloud products Sahir Azam told me in an interview, ‘We see a higher percentage of legacy RDBMS moving to MongoDB. Tens of billions of spend that has traditionally gone to Oracle and other SQL vendors is now moving to open source RDBMS and MongoDB with app refreshes and new apps.’
Mongo has a significant advantage over AWS, writes Asay, in the flexibility it offers developers. He also notes the increased spending power developers are now enjoying within enterprises should help the company. One potential pitfall—Mongo spends way too much on marketing, which could cause investors to shy away. On the whole, however, Asay believes MongoDB is navigating a shifting market wisely. See the article for more on the company’s approach and some criticisms it has received. Founded in 2007, MongoDB is based in New York City and employs over 800 workers in locations around the world.
Cynthia Murrell, November 9, 2017
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