World famous tech giant Apple Inc. (NASDAQ:AAPL) acquired FoundationDB, a Virginia-based company, which focuses its efforts on helping firms in using huge amounts of data in the least possible time. A CNET article discussed Apple Inc.’s new acquisition of the durable database company and its purpose behind the deal.
At this moment, when the purpose of deal has not been clearly described by the technology giant Apple Inc. (NASDAQ:AAPL), different opinions are flourishing about the reason behind its acquisition of FoundationDB. One of them is that Apple Inc. might be looking to integrate FoundationDB’s platform into the back-end of its different services to speed them up.
Apple Inc. (NASDAQ:AAPL) provides a variety of services to its giant-sized community which has millions of users. Its services include iTunes, iBooks and App Store, which demand fetching lots of information from databases. FoundationDB is working on technology that enables applications to access data stored in databases more efficiently, which could also help Apple’s services in accessing items and presenting them to users more quickly.
Apple Inc. (NASDAQ:AAPL) has not disclosed any terms of its deal with FoundationDB and just gave a comment similar to when it has acquired other companies in the past, saying that it “buys smaller technology companies from time to time”. FoundationDB has also not spoken too many words about what’s going on between them and Apple Inc. but the company has posted a note on its community page announcing that it will no longer allow people to download its platform and thanking them for their support.
“Thank you for your support of FoundationDB over the last five years. We’re grateful to have shared our vision of building the best database software and we strongly value your participation in this community,” FoundationDB stated.
Being an innovation and technology leader, Apple Inc. (NASDAQ:AAPL) keeps on hunting for any possible opportunities that might help the company to keeps its dominant position in the market. Acquiring FoundationDB may serve the same purpose, as it will help Apple Inc. to further improve its currently offered services and to attract more users that would ultimately increase the market share and revenues of the company.
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