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MongoDB (Nasdaq: MDB) | Company Profile, History, Competitors

 

MongoDB (NASDAQ: MDB) is a general purpose database platform. As of 2017, MongoDB has 5,700 customers in 97 countries.. It was founded in 2007 and headquartered in New York, NY.

MongoDB offers a leading general purpose database platform with open architecture and a freemium business model. It is classifed as a NoSQL database with a document-based architecture and it has a large following in the developer community.

Business Model

MongoDB's core offerings are the following:

MongoDB Community Server
A free-to-download version of the database that has core functions including role-based access control, read-only views and field-level redaction. It is sold under the open source AGPL license.

MongoDB Professional
Builds upon the Community Server by adding year-around enterprise support. Includes access to MongoDB Cloud Manager, which manages performance issues with the database, and MongoDB Compass, which is a GUI for users to interact with the data and provide monitoring status. it is sold under the open source AGPL license.

MongoDB Enterprise Advanced
The company's most comprehensive offering that can be run in the cloud, on-premise or in a hybrid environment. The subscription includes a commercial license, database server, Compass interface, and integration into analytics on Tableau, Spark, Hadoop.

MongoDB Atlas
MongoDB offers its server product also as a SaaS offering. MongoDB will host and run the server in the public cloud. Atlas is available on AWS, Google Cloud and Microsoft Azure.

MongoDB Sitch
MongoDb provides a backend-as-a-service that allows developers to focus on building apps and not back-end work. As of 2017, the pricing is a function of the data downloaded.

Pricing

MongoDB prices on a commercial license and as a subscription product. As of 2017, the MongoDB Enterprise Advanced product is $11,990 per server. As a subscription product, MongoDB Atlas charges pricing as a function of shared memory and storage

Customers

MongoDB"s customers span a range of sizes and industries. Key customers include:

Financial Services: Barclays, Capital One, Citigroup, Equifax, FICO, Goldman Sachs, HSBC, Merrill Corporation, Morgan Stanley
Healthcare: Anthem, AstraZeneca, ThermoFisher
Technology: Adobe, Amadeus, Cisco, Dell, Expedia, Intuit, Pitney Bowes, Salesforce, Splunk, Square Enix, Squarespace, Symantec
Retail: EBay, The Gap, Staples, Under Armour, Urban Outfitters
Telecommunications: Bell Canada, Bouygues Telecom, T-Mobile, Telefonica, Verizon, Zayo
Government: US Department of Defense, US Department of Veteran Affairs, YouGov

Competitors

MongoDB's key competitors are legacy SQL database providers (Oracle, IBM, MIcrosoft), NoSQL database providers (DataStax, Couchbase, MarkLogic, Amazon DynamoDB) and cloud providers (AWS, Google Cloud and Microsoft Azure).

History

The company was founded in 2007 with the name 10Gen. In 2009, the company shifted to an open source model. In 2013, 10Gen changed its name to MongoDB. In 2014, the company acquired WiredTiger, a database data compression company, which enabled the company to scale to enterprise clients[1]. In 2016, the company launched Atlas, which offered the MongoDB database as a SaaS product.

Management

Dev Ittycheria (CEO): Dev Ittycheria serves as CEO since 2014. Prior, he was a venture capitalist at OpenView Venture Partners and Greylock Partners. He had also served as President Enterprise Management at BMC Software and CEO at BladeLogic.

Michael Gordon (CFO): Michael Gordon serves as CFO since 2015. Prior, he was CFO at Yodle, an online marketing firm. He also worked as a Managing Director in investment banking at Merrill Lynch.

Financials

 $ USD in mm FY1/31
 2016 
 2017  2018
 Revenues   $65 
$101 
$155 
 Gross Profit  $44 
$72 
 $112 
 Operating Profit ($73) ($86) ($97)
 Net Income ($74) ($87) ($96)
 EPS

($1.74)

References


MongoDB, Inc.
 
  Ticker     NASDAQ: MDB
  Industry Technology
  Founded 2007
  Headquarters New York, NY
  Customers 5,700 (2017)
  Revenues
$155mm (2017)
  Employees 962 (2017)
  Website mongodb.com