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10 Apple acquisitions and their significance

Posted: 06 Apr 2015 ?? ?Print Version ?Bookmark and Share

Keywords:acquisitions? Tim Cook? Apple?

FoundationDB

Apple most recently purchased Virginia-based FoundationDB. The data-focused start-up was reportedly acquired and subsequently shut down by Apple on March 25. FoundationDB specialises in fast and long-lasting NoSQL databases that are popular for Web applications, and also inexpensive thanks to low-cost servers. It was working on technology that enables programs to access data quickly.

Such technology would be invaluable to Apple, which boasts a plethora of offerings, such as iTunes, the App Store and iBooks, that all require quick access to data storage. This purchase also provides Apple with top-notch engineers and the ability to improve upon its data capabilities and broaden its cloud services.

Financial terms of the transaction were not disclosed. Neither company has confirmed the deal, which was reported by Business Insider and The Wall Street Journal.


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