Shares in AI group Couchbase (BASE) rocketed 30% today after it agreed to a $1.5 billion takeover by tech-focused private equity outfit Haveli Investments.
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Flexible AI
Haveli Investments will pay Couchbase shareholders $24.50 per share, which represents a premium of about 29% to the stock’s last closing price. It wants to capitalize on the soaring demand for AI by utilizing Couchbase’s cloud-based database, which powers AI-related applications that need a flexible model and easy scalability.
New database technologies, such as Couchbase, make it easier and faster to store, manage, and use large amounts of unstructured data that modern AI systems require.
“Couchbase has been at the forefront of modern database technology, empowering developers and enterprises to build high-performance applications,” said Matt Cain, chair, president, and CEO of Couchbase. “Today’s announcement marks a significant milestone for our stockholders and an exciting new chapter for Couchbase. Haveli’s investment is a strong affirmation of our market position and our future potential.”
Critical Enabler
Sumit Pande, senior managing director at Haveli Investments, added: “The data layer in enterprise IT stacks is continuing to increase in importance as a critical enabler of next-gen AI applications. Couchbase’s innovative data platform is well positioned to meet the performance and scalability demands of the largest global enterprises.”
The merger agreement includes a so-called “go-shop” period until June 23. During this period, Couchbase will be allowed to solicit, consider, and negotiate alternative acquisition proposals from other companies.
Couchbase recently reported financial results for the first quarter of fiscal 2026, revealing a 10% increase in total revenue to $56.5 million and subscription revenue of $54.8 million, up 12% from the previous year.
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