Following the close of its IPO, Couchbase has announced the general availability of Couchbase Server 7, which the company is calling a landmark release for its ability to bridge 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 shares of its common stock at a public offering price of $24 per share, which includes the full exercise by the underwriters of their option to purchase an additional 1,250,869 shares of common stock. Aggregate gross proceeds to Couchbase were approximately $230 million, before underwriting discounts, commissions, and estimated offering expenses. Couchbase's common stock is listed on the Nasdaq Global Select Market under the ticker symbol "BASE."
With Couchbase Server 7, enterprise development teams get one unified platform and no longer need to use one database for transactions and a separate database for developer agility and scale. This means that customers can simplify their database architectures, expand Couchbase usage into enterprise transactional applications and reduce operating costs through performance enhancements.
“With Couchbase Server 7, the relational versus NoSQL database debate is over. Modern developers no longer have to struggle with having multiple databases—a relational database for transactionality, and a NoSQL database for flexibility and scale,” said Ravi Mayuram, senior vice president of engineering and CTO, Couchbase. “We are delighted 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 give developers a familiar programming model on a distributed database. In addition, there are 30 other innovations covering query, search, eventing, analytics, and geo-replication. No other database has organically fused all of these capabilities in a single database. These innovations give developers an astonishing advantage to build modern enterprise applications for a connected world.”
According to Couchbase, there is an urgent need for a database platform that can support both developing and deploying new applications and also modernizing and upgrading existing ones. According to the company, Couchbase Server 7 eliminates the key friction points that have kept enterprises from modernizing their relational-based applications, giving them the flexibility to accelerate the development of modern business-critical applications.
Couchbase Server 7 highlights:
Customers no longer need both a relational database and also a NoSQL database. Couchbase now has multi-statement SQL transactions by fusing together transactions and high-volume interactions. For the first time, customers can do multi-document SQL ACID transactions with interactions in microseconds all within one unified database platform.
There are schema and table-like organizing structures, called “Scopes and Collections,” within the schemaless database. Customers add a table (the “Collection”) in Couchbase, while transactions are happening without having to add or modify the schema (the “Scope”) or take down the database for this upgrade. The new multi-level, dynamic data organizing structure allows the platform to match and migrate relational data models into Couchbase Server 7, and then inverts ongoing control of the data structures from the database administrator to the application developer, thereby improving their productivity.
Faster operational performance lowers the total cost of ownership facilitated by collection-level processing of data access, partitioning, and index isolation. Couchbase Server 7 also adds a configurable backup service. Datasets delivered to microservices are faster, index builds execute in parallel, and indexes are portable during data rebalancing. And finally, the query service adds a cost-based query optimizer to replace its former rules-based optimization.
For more information, visit www.couchbase.com.