Alantra advises Qualasept Holdings on its strategic investment in Event Store
SECTORHealthcare
ServiceStrategic Advisory
Alantra, the independent global mid-market investment banking firm, has advised Qualasept Holdings on its strategic investment in Event Store.
Seattle-based Event Store is the company behind EventStoreDB, the open source event stream database which has been a market leader in Event Sourcing and Event Driven Architecture since its launch in 2011. Initially incubated within Qualasept Holdings, Event Store’s significant success across multiple sectors brought about the spin out and strategic investment. The Series A investment represents Event Store’s next stage of growth towards EventStoreDB’s adoption in the broader database market.
Event Sourcing is a powerful architectural pattern that records all changes made to an application’s state as they were originally applied. It provides both a system of record and an audit log of activity. It has become popular in recent years as organisations strive to build systems that are resilient and scalable.
Leading companies around the world use Event Store’s database to provide a robust records environment, especially in sectors with strong audit requirements such as financial services and healthcare. These include Walmart, Xero, Insureon, Linedata, Made.com, UK National Health Service and Swiss Air Traffic Control.
Building on its momentum, the company is launching Event Store Cloud, a multi-cloud database as a service (DBaaS). The subscription service, currently in Preview, will provide cloud convenience and make EventStoreDB more accessible to developers and companies of all sizes.
The transaction was led by Justin Crowther, Partner and UK Head of Healthcare, and Tom Cowap, Director, Healthcare and Pharma Services.
Justin Crowther and Tom Cowap commented, “This is a great example of the growing overlap between the pharma and technology sectors. As advanced technology becomes increasingly important to supporting innovation and to ensuring quality in pharmaceutical development and manufacturing, we will see more technology-led innovations originating within the pharma sector. Data tech in particular is more important than ever.”
They continued, “Qualasept Holdings is run by a highly entrepreneurial team and they recognise the importance of supporting other entrepreneurs to progress their ideas. Qualasept Holdings’ management team are always looking to find new approaches and solutions to provide services as efficiently and rigorously as possible in order to enhance patient outcomes. The original incubation of EventStore and this new strategic investment is a great example of that.”
Dave Remy, CEO of Event Store, commented “From the time Greg Young and the Event Store team released EventStoreDB in 2012, it has been the go-to database for CQRS and Event Sourcing projects around the world and across technology stacks. This investment represents a new stage for Event Store and EventStoreDB, making it accessible to more developers via Event Store Cloud, with enhancements to improve developer experience, scalability, as well as, over time, the ability to introduce new products and services to help developers successfully build systems within an Event Driven Architecture.”
