I haven't been following this, but from what I can gather: - They raised $60mil (the last round being a Series G for $25mil!) - They're being sold for what I can only this is a pittance / acquihire by Bet365 - Bet365 is buying them because they're heavily invested in Riak internally - They're open sourcing the code (likely because they need help) I'm not trying to disparage anyone here, but this makes my blood run co…
Quite possibly, yes. Data has incredible inertia. Not only because of the storage system used, but also all of the years of ops tooling, application integration, etc. that surrounds it. I don't know anything about Bet 365, but if they had any non-trivial amount of their business data locked up in Riak then from a cost/risk analysis they may have decided that purchasing the company was the safest and cheapest option to protect their own company.