Couchbase, a developer-focused data platform based in California, has officially been acquired by Haveli Investments in an all-cash transaction valued at approximately $1.5 billion. According to a joint statement, the deal, initially announced in June, has now closed, transitioning Couchbase into a privately held company.
Couchbase’s technology supports multiple data models across multi-cloud environments and simplifies data architecture by combining the flexibility of JSON with the power of SQL.
As part of the acquisition, stockholders will receive $24.50 in cash per share before Couchbase is delisted from the Nasdaq Stock Market.
Couchbase CEO Matt Cain said in a statement that the partnership with Haveli reinforces the company’s strong position in the market and its potential for future growth, emphasizing the company’s role in enabling developers and enterprises to build high-performance applications with modern database technology.
