Microsoft acquires Turkish open-source firm Citus Data

Microsoft acquires Turkish open-source firm Citus Data

ISTANBUL
Microsoft acquires Turkish open-source firm Citus Data

Microsoft has acquired the Turkish open-source software firm Citus Data for an undisclosed sum.

Citus Data, which was founded eight years ago, has offices in Istanbul and San Francisco. According to its LinkedIn page, it has 40 employees.

The terms of the deal between Microsoft and Citus Data have not yet been announced.

“I am thrilled to announce that we have acquired Citus Data, a leader in the PostgreSQL community. Citus is an innovative open source extension to PostgreSQL that transforms PostgreSQL into a distributed database, dramatically increasing performance and scale for application developers,” Rohan Kumar, corporate vice president for Azure data at Microsoft, wrote in a blog post.

“Together, Microsoft and Citus Data will further unlock the power of data, enabling customers to scale complex multi-tenant SaaS applications,” he added.

For his part Umur Çubukçu, CEO and co-founder of Citus Data, said the acquisition deal marked the next chapter in the company’s journey.

“We are thrilled to join a team who deeply understands databases and is keenly focused on meeting customers where they are,” he said on the company’s blog spot.

Consulting firm Deloitte reported earlier this month that the annual volume of disclosed mergers and acquisitions (M&A) transaction in Turkey rose 17 percent in 2018 to stand at $12 billion.

A total of 256 M&A deals were sealed last year, according to Deloitte.

Microsoft, Turkish companies, acquisition