IDC Frontier Invests $6.1 Million of Equity Capital in Basho
CAMBRIDGE, MA – July 17, 2012 – Basho Technologies announced today that it has entered into a strategic relationship with Yahoo Japan Corporation (“Yahoo! JAPAN”) subsidiary IDC Frontier, under which IDC Frontier is making a $6.1 million strategic equity investment in Basho and has committed to deploy Basho’s Riak distributed database and cloud storage technology within its cloud computing platform. The strategic relationship with IDC Frontier will accelerate the availability of Basho’s Riak technology throughout the Asia Pacific region.
Basho is a leading provider of distributed database and cloud storage technology. Yahoo! JAPAN subsidiary IDC Frontier is a leading data center provider in Japan.
Riak is a highly-available, distributed database that has witnessed rapidly growing adoption worldwide since the company released v1.0 in September 2011. In March 2012, the company released Riak CS, providing a multi-tenant capability and an Amazon S3 compatible API, which offers businesses a comprehensive public and private cloud storage platform. As one of Japan’s largest operators of data center infrastructure, IDC Frontier will utilize Riak CS to provide its customers a distributed cloud storage offering that takes advantage of the company’s large footprint of data center locations and enhances its cloud services platform.
“This strategic relationship with IDC Frontier and its investment in Basho underscores the growth of the distributed data market and Basho’s differentiated ability to capitalize on this market. Basho is excited to have IDC Frontier both as a customer and a strategic partner to accelerate our expansion throughout Asia”, said Donald J. Rippert, Basho’s chief executive officer. “IDC Frontier’s market leadership position and high quality infrastructure will be complimented perfectly by Basho’s technology, which emphasizes availability, scalability and high-performance at its core. The market for cloud computing is rapidly accelerating. We are exclusively focused on being the distributed systems leader that can best unlock the potential of the cloud for our partners and our customers.”
“Through this strategic relationship with Basho, IDC Frontier will greatly benefit from the addition of advanced storage capabilities within our cloud infrastructure,” said Kiichi Yamato, Vice-Division Director of Business Development Division at IDC Frontier. “We have made a significant evaluation of Riak, and we are highly impressed with its inherent distributed design, built-in redundancy and linear scalability. We plan to embed Riak in our cloud platform. Furthermore, we are excited about working with Basho to accelerate the adoption of Riak throughout Japan. We look forward to a long-term partnership with Basho.”
“This strategic investment by IDC Frontier follows $5 million of additional equity capital raised last month as part the company’s Series F round led by Georgetown Partners,” noted Rippert. “Through these investments in Basho totaling $11.5 million and the strength of our business already realized to date in 2012, I am confident in Basho’s market position and its ability to lead the rapidly emerging market for distributed data technologies.”
About IDC Frontier
IDC Frontier Inc. provides data center solutions. It offers IaaS (Infrastructure as a Service); co-location services, which include hosting and other data center solutions; hosting services, which include data center solutions to support e-business; security services; IP address/domain name registration services; network services; and service level agreement services. IDC Frontier Inc. is based in Tokyo, Japan, and as of February 2nd, 2009, operates as a subsidiary of Yahoo! Japan Corporation. http://www.idcf.jp/
About Basho Technologies
Basho Technologies is the leader in highly-available, distributed database technologies used to power scalable, data-intensive Web, mobile, and e-commerce applications and large cloud computing platforms. Basho customers, including fast-growing Web businesses and large Fortune 500 enterprises, use Riak to implement content delivery platforms and global session stores, to aggregate large amounts of data for logging, search, and analytics, to manage, store and stream unstructured data, and to build scalable cloud computing platforms.
Riak is available open source for download at http://wiki.basho.com/Riak.html. Riak EnterpriseDS is available with advanced replication, services and 24/7 support. Riak CS enables mutli-tenant object storage with advanced reporting and an Amazon S3 compatible API. For more information visit www.basho.com or follow us on Twitter at www.twitter.com/basho.
Robert Siegfried / Lyndsey Estin
Kekst and Company
For additional questions regarding Basho Technologies, IDC Frontier, and Basho products and services, please read the Basho Technologies, IDC Frontier and Yahoo Japan Strategic Partnership FAQ.
Funding will accelerate already rapid market adoption of Riak, Basho’s industry transforming distributed database software.
CAMBRIDGE, MA – August 9, 2010 – Basho Technologies, Inc. today announced it has secured $2 million from a diverse collection of angel investors in a Series C preferred equity financing. Eschewing traditional early-stage funding sources in the venture capital industry, Basho instead cultivated a network of entrepreneurial angels with an appetite for disruptive technologies like Riak who were eager to fill the post- economic collapse investment gap. The company forecasts this financing will carry it to profitability by mid-2011.
“We have an innovative product in Riak so it is only fitting we have pursued a similarly innovative financing strategy,” said Earl Galleher, Chairman and CEO of Basho. “We have been fortunate to find a network of angels who understand our market and value what we have accomplished to date. Our investors have given us the time and opportunity to fully develop our product vision and to prove our market plan.”
Founded in 2008 by former Akamai Technologies (NASDAQ: AKAM) executives and senior engineers, Basho designed Riak to free corporations from the constraints of traditional, highly centralized database architectures (like those offered by Oracle, IBM, Microsoft, etc.). Enterprises like Comcast, Wikia Inc., Mochi Media, and Vibrant Media use Riak not just as an alternative to traditional databases but as the cornerstone for previously uncontemplated application architectures.
“In the late 1990s, the founders of Akamai solved the complex problem of a growing Internet by allowing anyone with a website to efficiently distribute content around the world on any network,” continued Mr. Galleher. “Ten years later, we are doing something similar but with a much more complex and expensive problem, the database
itself. We and our investors believe Riak will rapidly transform the entire database industry.”
Applications built with Riak can sustain catastrophic server, data center, and network failures without outages while avoiding the complexity and expense that characterize applications built using traditional, highly centralized databases. Optimized for the emerging class of “cloud” infrastructure, organizations building applications using Riak can scale out dynamically to handle sudden surges in load and scale back when load decreases to reduce expenses.
About Basho Technologies
Basho Technologies, Inc., founded in January 2008 by a core group of software architects, engineers and executive leadership from Akamai Technologies, Inc. (Nasdaq: AKAM) is headquartered in Cambridge, Massachusetts. Basho produces Riak, a distributed data store that combines high availability, easily-scalable capacity and throughput, and ease of use. Riak’s high availability data store means that applications built using Riak remain both read and write available under almost any operational conditions and without requiring intervention. Available in both an open source and a paid commercial version, Riak provides unprecedented read- and write-availability to web, mobile, and enterprise applications.
CEO, Basho Technologies, Inc.