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MongoDB CEO Claims They're Luring Customers From Oracle (diginomica.com)
"MongoDB is increasingly encroaching on Oracle's database lead -- with enterprises becoming more and more confident with the maturing NoSQL technology," according to Diginomica, citing this new interview with CEO Dev Ittycheria:
30% of our business is migration off existing workloads to us. Two years ago it was 5%. Ditching Oracle and others, but mainly Oracle... one of the nice benefits of being in this market is that Oracle has done a great job of alienating its customer base... if there are performance reasons, regulatory reasons, developer demand -- [people] will change... We have grown business by 2.5X over last two years. And our employee base has pretty much doubled.
One reason he cites is Oracle's higher prices on their top-line products, saying MongoDB's new customers include "a large bank, whose logo you would recognize instantly [with] a very sophisticated equities trading platform." Ittycheria says MongoDB is now a nine-figure business, and after they launched their new database-as-a-service product Atlas last June, "the growth in that business has been off the charts."
One reason he cites is Oracle's higher prices on their top-line products, saying MongoDB's new customers include "a large bank, whose logo you would recognize instantly [with] a very sophisticated equities trading platform." Ittycheria says MongoDB is now a nine-figure business, and after they launched their new database-as-a-service product Atlas last June, "the growth in that business has been off the charts."
Mongo is NoSQL, it can't steal business from Oracle at a large scale as processes would have to be completely rewritten to use NoSQL....and while the new setup would be faster, it would lose transactions and the ability to roll them back, among other things.