After the close of its IPO, Couchbase announced the general availability of Couchbase Server 7, which the company calls a historic release for its ability to link the best aspects of relational databases like ACID transactions with the flexibility of a modern database.
Couchbase announced the closing of its initial public offering of 9,589,999 common shares at a public offering price of $ 24 per share, which includes the full exercise by the underwriters of their option to purchase 1,250,869 shares. ordinary additional. Couchbase’s total gross proceeds were approximately $ 230 million, before subscription discounts, commissions and estimated offering fees. Couchbase common stock is listed on the Nasdaq Global Select Market under the symbol “BASE”.
With Couchbase Server 7, enterprise development teams have a unified platform and no longer need to use a database for transactions and a separate database for agility and scalability. developers. This means that customers can simplify their database architectures, extend the use of Couchbase to enterprise transactional applications, and reduce operating costs through performance improvements.
“With Couchbase Server 7, the debate on relational databases versus NoSQL is over. Modern developers no longer have to struggle with multiple databases: a relational database for transaction and a NoSQL database for flexibility and scalability, ”said Ravi Mayuram, senior vice president of engineering and CTO, Couchbase. “We’re excited to be the first modern database-as-a-service provider to combine traditional relational database functionality like SQL and transactions with the flexibility and scalability of NoSQL. The data containment model and distributed SQL transactions introduced in Couchbase Server 7.0 provide developers with a familiar programming model on a distributed database. In addition, there are 30 other innovations covering query, search, events, analysis, and geo-replication. No other database has organically merged all of these features into a single database. These innovations give developers an amazing advantage in building modern business applications for a connected world. “
According to Couchbase, there is an urgent need for a database platform that can support both the development and deployment of new applications, as well as the modernization and upgrade of existing applications. According to the company, Couchbase Server 7 is eliminating the main points of friction that have kept companies from modernizing their relational applications, giving them the flexibility to accelerate the development of modern business-critical applications.
Strengths of Couchbase Server 7:
Customers no longer need both a relational database and also a NoSQL database. Couchbase now has multi-statement SQL transactions by merging high volume transactions and interactions. For the first time, customers can perform multi-document SQL ACID transactions with interactions in microseconds, all within a unified database platform.
There are schema and table type organization structures, called “scopes and collections”, within the schema-less database. Customers add a table (the “Collection”) to Couchbase, while transactions take place without having to add or modify the schema (the “Scope”) or remove the database for this upgrade. The new, multi-tiered dynamic data organization structure allows the platform to match and migrate relational data models to Couchbase Server 7, and then reverse the ongoing control of data structures from the administrator to Couchbase Server 7. the database to the application developer, thus improving their productivity.
Faster operational performance reduces the total cost of ownership that is facilitated by the processing of data access collection, partitioning, and index isolation. Couchbase Server 7 also adds a configurable backup service. Datasets delivered to microservices are faster, index builds run in parallel, and indexes are portable during data rebalancing. And finally, the query service adds a cost-based query optimizer to replace its old rule-based optimization.
For more information, visit www.couchbase.com.