Database software maker MarkLogic could evaluate potential acquisitions between the next six and 12 months and also consider a merger with a larger publicly-traded company, according to a report from Oracle World.
MarkLogic CEO Gary Bloom told Oracle World that either Oracle (NASDAQ: ORCL) or IBM (NYSE: IBM) could position themselves to acquire MarkLogic even though he believes MarkLogic could be a standalone, independent business.
Bloom told Oracle World the 250-employee company runs at break-even and is sitting on billions waiting to be use for M&A transactions, either for a merger or to purchase smaller or similar-sized companies.
Acquisitions would occur as the company heads toward a future public listing, Bloom said.
The company has raised $72 million in capital since 2001 and received a $25 million funding round in April from Sequoia Capital, Tenaya Capital and Northgate Capital.
Online technology and business community Wikibon projects the database software market to be worth up to $3.5 billion by 2017, Oracle World reports.
Wikibon analyst Jeff Kelly told Oracle World MarkLogic could pursue startups such as Qubole and Mortar Data, which offer Hadoop-as-a-service tools to customers.
MarkLogic makes NoSQL technology that works to help customers build applications with both structured and unstructured data and to make a searchable index of a company’s data index all of a company’s data and make it searchable.
Financial services, healthcare, government and intelligence enterprises use NoSQL.