HiPEAC

MonetDB Solutions secures investment from ServiceNow to help large enterprises drive digital transformation at scale

MonetDB Solutions, a company formed by researchers of the Dutch National Research Institute for Mathematics and Computer Science (CWI), has announced an investment from digital workflow company ServiceNow to help large enterprises drive digital transformation.

The two companies will also work together to build MonetDB open-source database technology into ServiceNow’s Now Platform to strengthen analytics capabilities and to drive faster transaction speeds for its largest customers.

‘In today’s world of digital business, large enterprises require application responsiveness and speed at scale, and that requires a different approach to database technology,’ said HiPEAC member Martin Kersten, CEO and co-founder, MonetDB Solutions, ‘Together with ServiceNow, we will continue to build out our database-as-a-service environment, as MonetDB also plans to invest in further product innovation.’

‘We partner with some of the largest organizations in the world to deliver digital workflows that create great experiences and unlock productivity,’ said Pat Casey, chief technology officer and senior vice president of DevOps at ServiceNow. ‘Our priority is to make the Now Platform the most innovative for our customers to get work done. We invested in MonetDB to share our expertise in cloud automation and drive greater benefits for some of the world’s largest companies.’

An innovative example of a HiPEAC company, MonetDB Solutions is represented by HiPEAC members Martin Kersten and Ying Zhang (below). The company’s current success was made possible in part by the ExaNeSt project, which built interconnection, networking, storage and cooling technology for exascale computers.

Read more about MonetDB’s approach to databases in HiPEACinfo 55.

Martin Kersten and Ying Zhang


Metadata

Application areas: Financial services, Healthcare, Smart city

Topics: Cloud computing, Data management, Machine learning, Software engineering


Summary

MonetDB Solutions has received investment from ServiceNow to enhance digital transformation for enterprises. They will integrate MonetDB’s technology into the Now Platform to improve analytics and transaction speeds.