MonetDB Solutions, a company formed by researchers at CWI, today announced an investment from digital workflow company ServiceNow to help large enterprises drive digital transformation. Additionally, the two companies will work together to build MonetDB open-source database technology into ServiceNow’s Now Platform to strengthen analytics capabilities and to drive faster transaction speeds for its largest customers.
“In today's world of digital business, large enterprises require application responsiveness and speed at scale, and that requires a different approach to database technology,” says Prof. Martin Kersten, CEO and co-founder, MonetDB Solutions. “Together with ServiceNow, we will continue to expand our Database-as-a-Service environment, as MonetDB also plans to invest in further product innovation.”
“We partner with some of the largest organizations in the world to deliver digital workflows that create great experiences and unlock productivity,” says Pat Casey, chief technology officer and senior vice president of DevOps at ServiceNow. “Our priority is to make the Now Platform the most innovative for our customers to get work done. We invested in MonetDB to share our expertise in cloud automation and drive greater benefits for some of the world's largest companies.”
About MonetDB Solutions
MonetDB Solutions, a spin-off company of the Dutch national research institute for mathematics and computer science (CWI), is the official technical development and consulting company of the open-source analytical database system MonetDB, specialized in database technologies for Business Intelligence and Big Data Analytics. In MonetDB Solutions world-leading database researchers and engineers support software companies in developing cutting-edge applications addressing vertical markets, such as telecom, health care and education.