MongoDB Furthers Commitment to Security and Compliance with New Industry Certifications

Rhea-AI Summary

MongoDB announced that its cloud database, MongoDB Atlas, has achieved four new security certifications: ISO 9001, TISAX, HDS, and TX-RAMP. These certifications enhance MongoDB's compliance portfolio, ensuring robust data security and meeting regulatory requirements for industries including automotive, healthcare, and public sectors. Customers, such as Wells Fargo and GE Healthcare, can now adopt MongoDB Atlas for critical workloads with greater confidence. ISO 9001 emphasizes quality management, TISAX focuses on automotive industry data security in the EU, HDS safeguards health data in France, and TX-RAMP certifies cloud services for Texas state agencies. This development highlights MongoDB's commitment to protecting sensitive data and facilitating compliance with stringent regulations.

Positive

• MongoDB Atlas achieved four new security certifications: ISO 9001, TISAX, HDS, and TX-RAMP.
• ISO 9001 certification showcases MongoDB's focus on quality management and long-term consistency.
• TISAX certification ensures compliance with high-security standards for the EU automotive industry.
• HDS certification enables safe storage of personal health data for French healthcare providers.
• TX-RAMP certification allows MongoDB Atlas to manage confidential data for Texas state agencies.
• MongoDB's enhanced compliance portfolio attracts highly regulated industries like automotive, healthcare, and public sectors.
• Thousands of customers, including Wells Fargo and GE Healthcare, trust MongoDB Atlas for critical workloads.

Negative

• Achieving new certifications may lead to increased operational costs.
• The certifications primarily benefit regulated industries, potentially limiting broader market appeal.
• MongoDB faces stringent regulatory scrutiny, which could become more complex over time.

Insights

Security Compliance Expert

The newly acquired security certifications by MongoDB Atlas, including ISO 9001, TISAX, HDS and TX-RAMP, significantly bolster its standing as a secure and compliant platform, especially for industries with stringent regulatory requirements. ISO 9001:2015, recognized widely, assures that MongoDB Atlas maintains high standards in quality management. This is important for long-term consistency in product and service quality, giving confidence to customers in regulated sectors like healthcare and finance.

Meanwhile, TISAX certification is particularly relevant for the European automotive industry, ensuring that sensitive data handling meets top-tier security requirements. This certification can open doors for MongoDB to deepen its penetration in the EU automotive market. HDS certification is strategically vital for healthcare providers in France, ensuring compliance with the French Public Health Code, which can attract new healthcare sector clients. Lastly, TX-RAMP certification enhances MongoDB's appeal to Texas state agencies, facilitating secure cloud services adoption in the public sector.

These new certifications not only expand MongoDB's potential market reach but also affirm its commitment to meeting the high-security standards required by its customers. This heightened compliance could translate into increased trust and potentially greater customer acquisition in highly regulated industries.

Market Research Analyst

The newly added certifications improve MongoDB Atlas's competitive positioning in the market. By securing ISO 9001, TISAX, HDS and TX-RAMP certifications, MongoDB strengthens its value proposition to industries such as automotive, healthcare and public sector entities that prioritize data security and compliance. This proactive approach can differentiate MongoDB from its competitors who might not hold these specific certifications, thereby making MongoDB Atlas a more attractive option for organizations with stringent data regulations.

The financial implication of this move could be significant. For example, certifications like ISO 9001 and TISAX can drive trust and preference among potential clients, potentially leading to increased adoption rates and higher revenue streams. Additionally, certifications like HDS and TX-RAMP can open up new market segments, including French healthcare providers and Texan public sector agencies, who may have previously been hesitant to adopt non-compliant solutions.

While this strengthens MongoDB's market position, it's essential to consider the certification maintenance costs and ongoing compliance efforts, which might pose financial burdens. However, the long-term benefits from new client acquisition and enhanced market presence could outweigh these costs.

Four new independently vetted certifications empower organizations with unique regulatory requirements to confidently adopt and run MongoDB Atlas

NEW YORK, May 23, 2024 /PRNewswire/ -- MongoDB, Inc. (NASDAQ: MDB) today announced MongoDB Atlas's compliance with four additional security certifications—ISO 9001, TISAX, HDS, and TX-RAMP—which further MongoDB's commitment to safeguarding enterprise and public sector customer data. These latest certifications build upon MongoDB's strong portfolio of compliance resources and affirm MongoDB Atlas's ability to help our customers meet their most unique compliance, regulatory, and policy objectives. It's now even easier for customers in highly regulated industries to adopt and run MongoDB Atlas for mission-critical workloads while maintaining compliance with increasingly stringent regulatory requirements.

"Data is the new gold, and organizations everywhere want to take full advantage of it to build, scale, and run modern applications that transform industries and deliver exceptional customer experiences," said George Gerchow, MongoDB's Head of Trust. "But customers, especially those with sensitive or highly regulated workloads, need assurance that their technology partners are keeping their data secure, while facilitating compliance with an increasingly complex set of regulatory requirements. Thousands of MongoDB's customers already trust us to manage their most critical workloads, and these latest certifications give them even more reason to do so."

• Fulfilling stringent international standards for quality management: Developed by the International Organization for Standardization (ISO), ISO 9001:2015 is an international standard for quality management systems that is widely recognized across industries and organizations of all sizes. MongoDB Atlas's ISO 9001:2015 certification demonstrates to customers that we have implemented a robust quality management system that aligns to stringent security and regulatory standards. ISO 9001:2015 emphasizes MongoDB's focus on delivering long-term consistency in product and service quality, which is just one reason why thousands of highly regulated customers like Wells Fargo, the UK's Department for Work and Pensions, and GE Healthcare, use MongoDB Atlas to build modern applications that deliver safe, reliable, and performant end-user experiences.
    
• Meeting security requirements for the EU automotive industry: MongoDB Atlas is now certified by the Trusted Information Security Assessment Exchange (TISAX), a program that evaluates vendors in the automotive technology supply chain. MongoDB Atlas demonstrated compliance with the highest TISAX assessment level available, affirming our ability to protect highly sensitive data for European automotive customers while delivering strong business continuity, disaster recovery, and risk mitigation. MongoDB is a trusted partner for automotive industry leaders, and already, Volvo Connect, Cox Automotive, Toyota Connected, and 11 of the top 15 auto manufacturers in the world run on MongoDB.
    
• Protecting personal health data in France: Issued by the French Public Health Code, Health Data Hosting—or Hébergeur de Données de Santé (HDS)—certifies that French healthcare providers can safely store personal health data in MongoDB Atlas and across HDS-compliant Amazon Web Services, Google Cloud, and Microsoft Azure cloud regions. Eight of the top 10 healthcare companies in the world are MongoDB customers, and now, even more healthcare industry leaders can use MongoDB's developer data platform to modernize their applications to improve patient experiences, all while keeping their data secure and their organizations compliant with HDS.
    
• Meeting the requirements of the State of Texas for cloud providers: Established by the Texas Department of Information Services, the Texas Risk and Authorization Management Program (TX-RAMP) is a program that certifies the security of cloud computing services used by Texas state agencies. MongoDB Atlas is now certified to manage confidential or regulated data in high-impact systems, enabling more Texan public sector agencies to transform next-generation applications in the cloud. MongoDB is a trusted partner for the public sector, and already, over 1,000 public sector customers in the United States rely on MongoDB to power mission-critical workloads every day.

commercetools is an industry-leading commerce platform used by major brands to build best-in-class omnichannel shopping experiences. "MongoDB Atlas meeting the stringent requirements of HDS helps us to reinforce our commitment to data security and compliance, particularly in the healthcare sector. With this certification, we can confidently support our clients in managing sensitive health data by ensuring the highest standard of protection and privacy with MongoDB Atlas," said Emil Pfrang, Director of Information Security at commercetools. 

To receive these certifications, MongoDB Atlas underwent independent verification of stringent requirements around security and privacy, which demonstrate MongoDB's adherence to some of the highest compliance standards across industries. For more information on MongoDB's industry certifications, please visit the MongoDB Atlas Trust Center.

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 compliance with additional security certifications. 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-K for the year ended January 31, 2024, filed with the SEC on March 15, 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.

MongoDB Public Relations
press@mongodb.com

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SOURCE MongoDB, Inc.

FAQ

What new certifications did MongoDB Atlas achieve?

MongoDB Atlas achieved ISO 9001, TISAX, HDS, and TX-RAMP certifications.

What is ISO 9001 certification?

ISO 9001 is an international standard for quality management systems.

How does TISAX certification benefit MongoDB Atlas?

TISAX certification ensures MongoDB Atlas meets high-security standards for the EU automotive industry.

What is HDS certification in the context of MongoDB Atlas?

HDS certification allows MongoDB Atlas to safely store personal health data for French healthcare providers.

What is the significance of TX-RAMP certification for MongoDB Atlas?

TX-RAMP certification enables MongoDB Atlas to manage confidential data for Texas state agencies.

How do the new certifications impact MongoDB Atlas users?

The new certifications provide greater confidence in data security and regulatory compliance for MongoDB Atlas users.

Which industries benefit from MongoDB Atlas's new certifications?

Industries such as automotive, healthcare, and public sectors benefit from MongoDB Atlas's new certifications.