MongoDB: Enabling Ideas, Transforming Businesses

Dev Ittycheria, President and CEO

For over a quarter of a century, relational database management systems (RDBMS) have been the dominant model for database management in every industry. When 10gen— an American software company—first began developing MongoDB, its NoSQL technology, in 2007 as an open-source component of a planned platform-as-a-service product, the company was unable to find an existing database platform that met their "set of principles" for a cloud architecture. As technology evolved and modern applications became more networked and interactive, the company began to develop a document-oriented database system, and rebranded as MongoDB[NASDAQ: MDB], turning out to be one of those technology giants that started off with a great idea and set a benchmark in redefining the way enterprises manage their data.

MongoDB had been gaining popularity rapidly, owing to its low cost and better performing NoSQL database offerings to enterprises. To continue to expand global reach and sales, MongoDB appointed Dev Ittycheria—a seasoned technology entrepreneur and a prominent leader of four tech IPOs—as the President and CEO in 2014. With him at the helm, MongoDB organized several local conferences and events around the world, bringing together more than 20,000 developers and IT professionals within the MongoDB community. 2015 marked one of the biggest milestones for the company with the release of MongoDB 3.0. The release included MongoDB’s highly flexible storage architecture, which dramatically expanded the set of mission-critical applications that clients could run on their servers. MongoDB 3.0 also marked the inception of new WiredTiger storage engine that delivers 7-10x greater throughput for write-intensive applications with more granular document-level concurrency control.

MongoDB has proved its relevance across all industries and currently stands as one of the most cost-effective business enablers in the market today

MongoDB Enterprise Advanced new automation features of Ops Manager help clients to reduce the overhead of operating large-scale MongoDB deployments by as much as 95 percent for many activities as the use of RESTful APIs allows it to be integrated into existing tooling for monitoring, backup, and management.

The storage API opens the door for MongoDB to leverage write-optimized storage engines, improved compression and memory usage, and other aspects of cutting-edge modern database engines. Its stellar performance and scalability enhancements placed MongoDB at the forefront of the database market as the standard DBMS for modern applications .

Initially, the majority of MongoDB’s revenue came from its subscription arm, though both its subscription and services revenue streams were growing tremendously among the start-up enterprises. However, amid that growth, MongoDB still needed the capital to ramp up its operations. Owing to several functional and operational enhancements since Ittycheria took over as the CEO, in 2017, MongoDB became a publicly traded company, listed on NASDAQ as MDB with an IPO price of $24 per share—the first database company to go public in more than 20 years.

The company offers a plethora of as-a-service solutions that are highly optimized for the public and private cloud. MongoDB’s Backend as a Service—MongoDB Stitch— enables developers to shift their focus from managing data manipulation code, service integration, and backend infrastructures to building applications. Stitch not only provides developers with full access to the MongoDB database, but it also provides the ability to declare fine-grained data access controls, and composability with other services without having to code any backend logic.
The MongoDB Atlas is also a crucial part of their offering that allows clients to deploy, operate, and scale a MongoDB database in the cloud with just a few clicks.

The solution is offered as a cloud-hosted Database as a Service which incorporates operational best practices that the company has harnessed from optimizing thousands of deployments across startups and the Fortune 100 organizations. In addition, MongoDB Cloud Manager helps clients to monitor their databases easily, automate operational tasks, and leverage cloud backups for self-managed MongoDB deployments. It saves time, money, and helps clients improve customer experience by eliminating the guesswork from running MongoDB.

From developing the first iteration of MongoDB in the New York headquarters, MongoDB has proved its relevance across all industries and currently stands as one of the most cost-effective business enablers in the market today. The company stands as a global player, having 35 offices throughout North America, Europe, and the Asia-Pacific region. MongoDB has more than 4,900 customers in over 85 countries, and its database platform has been downloaded over 30 million times. While positioning itself as a new type of database, the NoSQL pioneer is adding features geared for DBAs, and extending its compatibility from Amazon to Azure and Google clouds. The company is excited to launch the latest MongoDB 4.0 release in the summer of 2018, which will introduce multi-document transactions and other ACID features such as global consistency and snapshot isolation. It will combine the speed, flexibility and the efficiency of document models with the assurance of transactional integrity. As per the 4.0 product roadmap, the company has completed 85 percent of the development and is encouraging organizations and tech enthusiasts to join the beta program to test out the newly added features.