MongoDB acquires Realm (Tightdb, Inc.)

MongoDB acquired Realm (Tightdb, Inc.) for $39.0 million in cash (purchase price per the merger agreement; $38.8 million total merger consideration after closing adjustments), a transaction completed in May 2019, structured as all cash.

Realm (Tightdb, Inc.) operates in Mobile database / data synchronization, is based in San Francisco, California, USA. MongoDB acquired all outstanding capital stock of Tightdb, Inc. ("Realm"), based in San Francisco, California, on May 7, 2019. Realm offers a mobile database together with a platform providing real-time data synchronization, one of the most popular mobile database and synchronization platforms.

To accelerate MongoDB's mobile efforts: data synchronization is the single biggest challenge in building compelling mobile applications, and Realm's synchronization platform is a natural complement to MongoDB Atlas and Stitch, reinforcing MongoDB's run-anywhere strategy.

A widely-adopted mobile database and the synchronization technology MongoDB needed to extend its platform to mobile and edge devices. Integration of Realm's mobile sync with MongoDB Atlas and Stitch; extension of the run-anywhere strategy to mobile/edge. MongoDB platform (Atlas / Stitch; later MongoDB Realm / Atlas Device Sync) MongoDB management, Q1 FY2020 earnings call (Jun 5, 2019): "Realm reinforces our run-anywhere strategy and like MongoDB is focused on giving developers a far more flexible, intuitive and comprehensive way to work with data. We will be providing more details about our future plans for Realm."