MongoDB Announces New Capabilities with Google Cloud to Provide Greater Flexibility for Public Sector Organizations

Rhea-AI Summary

MongoDB (NASDAQ: MDB) has announced that MongoDB Atlas for Government now supports Google Cloud's Assured Workloads in US regions. This makes MongoDB Atlas for Government the first multi-cloud data platform authorized at FedRAMP Moderate, offering public sector organizations and ISVs greater flexibility, disaster recovery, and resilience capabilities.

The platform provides a flexible and scalable developer data platform supporting various use cases, including mission-critical transactional workloads, generative AI-powered applications, and real-time analytics. It features advanced security capabilities such as encryption, network management, and identity access controls. Google Cloud customers will be able to select MongoDB Atlas for Government on Google Cloud Marketplace starting in the fall.

Positive

• First multi-cloud data platform authorized at FedRAMP Moderate level
• Expanded cloud support with Google Cloud's Assured Workloads
• Increased flexibility and disaster recovery options for public sector customers
• Support for various use cases including AI-powered applications and real-time analytics
• Advanced security features built into the platform

Negative

• None.

Insights

Cloud Technology Expert

MongoDB's expansion to Google Cloud's Assured Workloads is a significant development for the public sector. This move makes MongoDB Atlas for Government the first multi-cloud data platform at FedRAMP Moderate level, offering enhanced flexibility and resilience. For government agencies and ISVs, this means:

• Improved disaster recovery capabilities through multi-cloud deployment
• Greater choice in cloud providers while maintaining high security standards
• Potential for cost optimization by leveraging multiple cloud platforms

The ability to use MongoDB's scalable platform across different cloud environments could accelerate digital transformation in the public sector, potentially leading to more efficient and innovative government services.

Government Technology Analyst

This partnership addresses a critical pain point in public sector IT modernization. Many government agencies struggle with legacy systems and stringent compliance requirements, which often hinder innovation. MongoDB Atlas for Government on Google Cloud offers:

• A compliant-by-design solution, reducing regulatory burdens
• Support for advanced use cases like AI and real-time analytics
• Enhanced security features important for sensitive government data

This could potentially speed up modernization efforts and enable more data-driven decision-making in government operations. However, agencies will need to carefully plan migrations and ensure staff are trained to leverage these new capabilities effectively.

Financial Analyst

From an investor's perspective, this expansion strengthens MongoDB's market position in the lucrative government sector. Key financial implications include:

• Potential for increased revenue from government contracts
• Enhanced competitive advantage as the first multi-cloud FedRAMP Moderate platform
• Possible acceleration of MongoDB's growth in the public sector market

While specific financial projections aren't provided, this move could positively impact MongoDB's future earnings. The government sector often involves large, long-term contracts, which could provide stable revenue streams. However, investors should monitor the adoption rate and any associated costs of compliance to fully assess the financial impact.

MongoDB Atlas for Government is the first multi-cloud data platform authorized at FedRAMP Moderate, giving public sector customers greater flexibility, disaster recovery, and resilience capabilities

NEW YORK, Aug. 20, 2024 /PRNewswire/ -- MongoDB, Inc. (NASDAQ: MDB), today announced that MongoDB Atlas for Government now supports Google Cloud's Assured Workloads in US regions for government agencies, public sector organizations, and independent software vendors (ISVs) who develop software for the public sector. The introduction of support for Google Cloud adds onto MongoDB's existing availability with other cloud solutions, making MongoDB Atlas for Government the first multi-cloud data platform authorized at FedRAMP Moderate.

"Google Cloud's Assured Workloads gives public sector organizations access to the latest cloud capabilities without having to worry about compromising on compliance," said Sunil Potti, Vice President, Cloud Security at Google Cloud. "We're excited to provide these organizations with even further flexibility by adding MongoDB Atlas for Government as another database option for them to choose."

The public sector and the ISVs that serve these organizations must balance maintaining the highest levels of security and remaining compliant with regulatory requirements—while continuing to adopt advanced technology to meet the ever-growing needs of citizens.

With MongoDB Atlas for Government, organizations can take advantage of a flexible and scalable developer data platform that supports a wide range of use cases, including mission-critical transactional workloads, generative AI-powered applications, real-time analytics, content management, and more. MongoDB Atlas for Government features built-in security capabilities like advanced encryption for data at rest, in transit, and in use; network management and isolation; and identity access and management controls to maintain the highest level of security for organizations' most sensitive workloads. Adding support for Google Cloud's Assured Workloads will enable public sector organizations and ISVs to host their workloads on Google Cloud's most secure and compliant cloud service offering. Google Cloud customers will be able to select MongoDB Atlas for Government on Google Cloud Marketplace beginning in the fall.

"Due to strict security and compliance requirements, public sector organizations are often left with limited options for cloud adoption and modernization which present unique challenges that we at MongoDB help solve," said Sahir Azam, Chief Product Officer at MongoDB. "Adding MongoDB Atlas for Government to Google Cloud provides greater choice to those organizations looking to modernize their operations and to innovate faster to meet the needs of citizens. And for those organizations already in the cloud, the support for Google Cloud allows customers to deploy multi-cloud solutions, enabling robust disaster recovery capabilities and improving overall resilience."

To get started with MongoDB Atlas for Government on Google Cloud Assured Workloads, visit the Google Cloud Marketplace or read the Atlas for Government documentation.

About MongoDB Atlas
MongoDB Atlas is the leading multi-cloud developer data platform that accelerates and simplifies building modern applications with a highly flexible, performant, and globally distributed operational database at its core. By providing an integrated set of data and application services in a unified environment, MongoDB Atlas enables development teams to quickly build with the security, performance, and scale modern applications require. Millions of developers and tens of thousands of customers across industries—including Cisco, GE Healthcare, Intuit, Toyota Financial Services, and Verizon—rely on MongoDB Atlas every day to innovate more quickly, efficiently, and cost-effectively for virtually every use case across the enterprise. To get started with MongoDB Atlas, visit mongodb.com/atlas.

About MongoDB
Headquartered in New York, MongoDB's mission is to empower innovators to create, transform, and disrupt industries by unleashing the power of software and data. Built by developers, for developers, MongoDB's developer data platform is a database with an integrated set of related services that allow development teams to address the growing requirements for today's wide variety of modern applications, all in a unified and consistent user experience. MongoDB has tens of thousands of customers in over 100 countries. The MongoDB database platform has been downloaded hundreds of millions of times since 2007, and there have been millions of builders trained through MongoDB University courses. To learn more, visit mongodb.com.

Forward-looking Statements
This press release includes certain "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, as amended, or the Securities Act, and Section 21E of the Securities Exchange Act of 1934, as amended, including statements concerning MongoDB's new capabilities with Google Cloud. These forward-looking statements include, but are not limited to, plans, objectives, expectations and intentions and other statements contained in this press release that are not historical facts and statements identified by words such as "anticipate," "believe," "continue," "could," "estimate," "expect," "intend," "may," "plan," "project," "will," "would" or the negative or plural of these words or similar expressions or variations. These forward-looking statements reflect our current views about our plans, intentions, expectations, strategies and prospects, which are based on the information currently available to us and on assumptions we have made. Although we believe that our plans, intentions, expectations, strategies and prospects as reflected in or suggested by those forward-looking statements are reasonable, we can give no assurance that the plans, intentions, expectations or strategies will be attained or achieved. Furthermore, actual results may differ materially from those described in the forward-looking statements and are subject to a variety of assumptions, uncertainties, risks and factors that are beyond our control including, without limitation: the effects of the ongoing military conflicts between Russia and Ukraine and Israel and Hamas on our business and future operating results; economic downturns and/or the effects of rising interest rates, inflation and volatility in the global economy and financial markets on our business and future operating results; our potential failure to meet publicly announced guidance or other expectations about our business and future operating results; our limited operating history; our history of losses; failure of our platform to satisfy customer demands; the effects of increased competition; our investments in new products and our ability to introduce new features, services or enhancements; our ability to effectively expand our sales and marketing organization; our ability to continue to build and maintain credibility with the developer community; our ability to add new customers or increase sales to our existing customers; our ability to maintain, protect, enforce and enhance our intellectual property; the effects of social, ethical and regulatory issues relating to the use of new and evolving technologies, such as artificial intelligence, in our offerings or partnerships; the growth and expansion of the market for database products and our ability to penetrate that market; our ability to integrate acquired businesses and technologies successfully or achieve the expected benefits of such acquisitions; our ability to maintain the security of our software and adequately address privacy concerns; our ability to manage our growth effectively and successfully recruit and retain additional highly-qualified personnel; and the price volatility of our common stock. These and other risks and uncertainties are more fully described in our filings with the Securities and Exchange Commission ("SEC"), including under the caption "Risk Factors" in our Annual Report on Form 10-Q for the quarter ended April 30, 2024, filed with the SEC on May 31, 2024, and other filings and reports that we may file from time to time with the SEC. Except as required by law, we undertake no duty or obligation to update any forward-looking statements contained in this release as a result of new information, future events, changes in expectations or otherwise.

Investor Relations
Brian Denyeau
ICR for MongoDB
646-277-1251
ir@mongodb.com 

Media Relations
Mark Wheeler
MongoDB
866-237-8815 x7186
communications@mongodb.com 

 

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SOURCE MongoDB, Inc.

FAQ

What new capabilities has MongoDB (MDB) announced for public sector organizations?

MongoDB has announced that MongoDB Atlas for Government now supports Google Cloud's Assured Workloads in US regions, making it the first multi-cloud data platform authorized at FedRAMP Moderate level.

When will MongoDB Atlas for Government (MDB) be available on Google Cloud Marketplace?

Google Cloud customers will be able to select MongoDB Atlas for Government on Google Cloud Marketplace beginning in the fall of 2024.

What security features does MongoDB Atlas for Government (MDB) offer?

MongoDB Atlas for Government features advanced encryption for data at rest, in transit, and in use; network management and isolation; and identity access and management controls.

What types of workloads does MongoDB Atlas for Government (MDB) support?

MongoDB Atlas for Government supports a wide range of use cases, including mission-critical transactional workloads, generative AI-powered applications, real-time analytics, and content management.