NEW YORK, Oct. 19, 2017 (GLOBE NEWSWIRE) -- MongoDB, Inc. (Nasdaq: MDB ), the leading modern, general purpose database platform, rang the opening bell at the Nasdaq MarketSite in Times Square today in celebration of its initial public offering (IPO) on The Nasdaq Stock Market.
Photos accompanying this announcement are available at
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MongoDB’s platform unleashes the power of software and data for developers and the applications they build. A database is at the heart of every software application. As a result, selecting a database is a highly strategic decision that directly affects developer productivity, application performance and organizational competitiveness. MongoDB built its platform to run applications at scale across a broad range of use cases in the cloud, on-premise or in a hybrid environment. MongoDB’s platform addresses the performance, scalability, flexibility and reliability demands of modern applications while maintaining the core capabilities of legacy databases. This allows software developers to build or modernize applications quickly and intuitively, making developers more productive and giving their organizations a competitive advantage.
“Today is an important milestone for MongoDB. Defying conventional wisdom, our founders started a database company right here in New York City to serve the needs of developers everywhere. Ten years later, we’ve taken that bold idea and transformed it into a company with over 800 employees serving over 4,300 customers, including over half of the global Fortune 100,” said Dev Ittycheria, President and CEO, MongoDB. “I’m incredibly proud of the team that made this happen, but this is just one milestone along a much larger journey. Tomorrow it’s back to business as usual, where we continue to help customers unleash the power of software and data to transform their businesses.”
“We couldn’t be more excited to welcome MongoDB to join us today, particularly during Techweek New York. As one of the NYC’s most exciting tech pioneers, MongoDB joins the Nasdaq family of leading technology companies and industry disruptors,” said Nelson Griggs, President of the Nasdaq Stock Exchange. “MongoDB’s technology has been essential to their customers’ digital transformation. They are redefining how organizations across industries engage with their customers, operate their businesses and compete with each other. We are proud that MongoDB chose Nasdaq as their exchange partner and we look forward to celebrating their continued success.”
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About Nasdaq
Nasdaq (Nasdaq: NDAQ ) is a leading global provider of trading, clearing, exchange technology, listing, information and public company services. Through its diverse portfolio of solutions, Nasdaq enables customers to plan, optimize and execute their business vision with confidence, using proven technologies that provide transparency and insight for navigating today's global capital markets. As the creator of the world's first electronic stock market, its technology powers more than 90 marketplaces in 50 countries, and 1 in 10 of the world's securities transactions. Nasdaq is home to approximately 3,900 total listings with a market value of approximately $12 trillion. To learn more, visit: http://business.nasdaq.com
About MongoDB
MongoDB is the leading modern, general purpose database platform, designed to unleash the power of software and data for developers and the applications they build. Headquartered in New York, MongoDB has more than 4,300 customers in over 85 countries, including more than half of the global Fortune 100. The MongoDB database platform has been downloaded over 30 million times and there have been more than 700,000 MongoDB University registrations.
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