MongoDB files for their IPO
|Richard Harris in Big Data Monday, October 2, 2017|
Open source distributed database company, MongoDB, has filed for their IPO.
“MongoDB's IPO further validates the story, not only around open source technologies and their adoption by the enterprise but the vibrant commercial success of open source-focused businesses,” said Joe McCann, CEO of NodeSource. “Forrester Research points out that open source comprises 80 - 90% of the code in a typical application. All Fortune 500 companies today are utilizing open source technologies more and more and organizations, big and small, are building applications using open source as their foundation because it decreases costs while accelerating time to market. That’s where companies such as MongoDB, NodeSource, and GitHub come into play. MongoDB's is a great example of the market continuing to see value and opportunity in open source technology and the commercial vendors who support it.”
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