MariaDB Ordinary Shares and Warrants to Begin Trading December 19, 2022
-
MariaDB announces the closing of its business combination with Angel Pond Holdings Corporation
-
The combined company has been renamed MariaDB plc and is dual headquartered in Redwood City, California and Dublin, Ireland
-
MariaDB ended FY22 with over $50m in Annual Recurring Revenue (ARR) and has over 600 customers in over 60 countries
-
MariaDB is a new generation cloud database company whose products are used by businesses ranging from the smallest to the Fortune 500, reaching more than a billion users through Linux distributions and having been downloaded over one billion times
-
Customers of MariaDB s********* 90% of total database costs by migrating away from legacy databases
MariaDB plc , a new generation cloud database company, announced the completion of its previously announced business combination with Angel Pond Holdings Corporation (“APHC”), a previously publicly traded special purpose acquisiti on company, resulting in a combined company that is an Irish public limited company renamed MariaDB plc (“MariaDB” or the “Company”).
Latest ITechnology News: RangeForce Adds MITRE D3fend and ATT&CK Frameworks to Cyber Defense Readiness Platform
“Today is an exciting day that marks a new chapter for MariaDB and an important milestone in the cloud industry”
Beginning on December 19, 2022, MariaDB’s ordinary shares and warrants will begin trading on the New York Stock Exchange (NYSE) under the symbols “MRDB” and “MRDB WS,” respectively.
MariaDB delivers the backbone of services used by people every day when accessing data on their smartphone devices, filling prescriptions, using 5G or making financial transactions. MariaDB’s new generation relational database products are engineered to support any workload, any scale and any cloud enabling customers to do more with their data. MariaDB is focused on delivering cloud data services through MariaDB SkySQL that address a broad customer base.
“Today is an exciting day that marks a new chapter for MariaDB and an important milestone in the cloud industry,” said Michael Howard, CEO of MariaDB plc. “Our customers increasingly come to us because they are struggling with the scalability and availability offered by the hyperscalers. With MariaDB SkySQL, we deliver better price and performance while freeing businesses from vendor lock-in with a multicloud offering. I am incredibly proud to work with our talented team and our investors as we continue to build success in the cloud for companies around the world.”
Latest ITechnology News: Orca Security Solidifies Innovation Leadership with Patent Grant for Pioneering SideScanning Technology
“I am thrilled to bring MariaDB to the public market. The MariaDB database is one of the most popular and is proving to be a critical ingredient for businesses’ success in their cloud transformations. With MariaDB’s differentiated product offering and extensive experience building world-class databases, the company is positioned well to support the tidal wave of cloud database migrations that are only just beginning,” said Theodore T. Wang, Ph.D., Chairman and CEO of APHC, who has joined MariaDB’s board of directors.
Michael Howard will continue to lead MariaDB as CEO, along with the current MariaDB management team.
Transaction Overview
The business combination was unanimously approved by APHC’s and MariaDB Corporation Ab’s boards of directors and approved by MariaDB Corporation Ab’s shareholders on October 26, 2022 and by APHC shareholders on November 22, 2022.
Advisors
Perkins Coie LLP served as U.S. legal counsel to MariaDB, Fondia served as Finnish legal counsel to MariaDB, Matheson LLP served as Irish legal counsel to MariaDB, and Conyers Dill & Pearman LLP served as Cayman legal counsel to MariaDB.
Cleary Gottlieb Steen & Hamilton LLP served as U.S. legal counsel to APHC, Hannes Snellman Attorneys Ltd served as Finnish legal counsel to APHC, Arthur Cox LLP served as Irish legal counsel to APHC, and Maples and Calder (Cayman) LLP served as Cayman legal counsel to APHC.
Latest ITechnology News: Snow Software Launches New Capabilities to Help ITAM Teams Get Control of Costs in the Cloud
[To share your insights with us, please write to sghosh@martechseries.com]
