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Couchbase agrees to be acquired by private equity firm Haveli for $1.5B
- Couchbase Inc. has agreed to be acquired by private equity firm Haveli Investments LP in an all-cash transaction valued at about $1.5 billion.
- Shareholders will receive $24.50 per share, a 67% premium from the closing stock price on March 27.
- Couchbase can solicit other offers during a go-shop period ending on June 23.
- Founded in 2011, Couchbase is a NoSQL database company offering a modern data platform for cloud-native applications.
- The platform supports various workloads, including full-text search, real-time analytics, and time-series data.
- Couchbase offers self-managed and fully managed deployments through Couchbase Server and Couchbase Capella.
- The company focuses on AI with coding assistance, AI services, and mobile services for offline-first access.
- Customers include major companies like Cisco, Comcast, GE, PepsiCo, Walmart, and Verizon.
- The acquisition will take Couchbase back to private ownership after going public in July 2021.
- Haveli Investments already held a 9.6% stake in Couchbase before the takeover offer.
- The deal is subject to closing conditions, including stockholder and regulatory approval.
- Haveli Investments sees Couchbase as well-positioned for next-gen AI applications.
- Couchbase focuses on processing real-time data and supporting emerging AI models.
- SiliconANGLE Media, the parent company of theCUBE, is an innovative leader in digital media.
- SiliconANGLE Media operates at the intersection of media, technology, and AI, providing strategic insights and real-time engagement.
- Founded by John Furrier and Dave Vellante, SiliconANGLE Media reaches a network of 15+ million tech professionals.
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