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MariaDB Drafts Top Financial Talent Ahead of Becoming a Public Company

REDWOOD Metropolis, Calif. & HELSINKI–(Organization WIRE)–MariaDB® Corporation right now declared the appointment of Christine Napoli as main economic officer, and Christine Russell as a new board member.

The appointments occur at a pivotal time for the business, which described 42% advancement in once-a-year recurring revenue (ARR) for the six-thirty day period interval that ended March 31, 2022, in contrast to the similar period of time very last year. In this period of time of time, MariaDB has developed more than four situations the current market forecasted expansion of the relational database current market, which IDC forecasts as rising by a 9.6% compound annual development fee (CAGR) for the interval amongst 2020 and 2025 (IDC, “Worldwide Database Management Programs Program Forecast,” 2021-2025, US48224421, September 2021).

As companies modernize and shift to the cloud, MariaDB database products and solutions free customers from the charges, cloud lock-in, constraints and complexity of proprietary databases. The enterprise has a rapidly-rising consumer foundation with perfectly above 600 customers in above 60 international locations across industries this kind of as fiscal expert services, telecommunications, retail, technology, general public sector and schooling.

“As we scale MariaDB, it truly is essential that we have a staff with the working experience and know-how to put into practice the monetary controls and functions predicted from publicly traded organizations,” explained Michael Howard, CEO at MariaDB Corporation. “Ms. Napoli and Ms. Russell have the two led amazing occupations in finance and have the experience to guide us in the situations in advance. With these two new leaders, we are very well-positioned as we carry on our changeover to the general public spotlight.”

“There is a renaissance taking place in the databases field,” mentioned Napoli, CFO at MariaDB Company. “With the will need to be information-pushed, as was obvious for the duration of my time in the media marketplace, databases, which are the spine of apps, have to be extremely-resilient and will have to aid large scale. MariaDB is obviously in a primary situation with its new generation databases technological know-how, and I’m enthusiastic to be component of the workforce that will help its advancement and operations.”

Napoli joins MariaDB from Peacock, NBCUniversal’s streaming services, in which she was CFO. Even though at Peacock, she was a important leader considering the fact that its inception, serving to to improve the small business to 28 million regular monthly energetic accounts in a two-yr period and nicely about $700 million in fiscal 12 months profits. She is a seasoned govt with vast operational and financial practical experience throughout a multitude of NBCUniversal company units. Formerly, she labored at Value Waterhouse LLP (now PwC) as a general public auditor in the monetary companies sector.

Russell is at the moment on the board of directors and chair of the audit committee at a few publicly traded technological know-how organizations including AXT, Inc., eGain Corporation and QuickLogic Company, as perfectly as several non-public corporations like iCoin Technological know-how and the Silicon Valley Directors’ Trade. She was previously CFO at 6 publicly traded corporations including PDF Solutions, UniPixel, Inc., Virage Logic Corporation, Ceva, Inc., Persistence Software Inc. and Valence Technologies, Inc. as very well as two private equity-backed firms and four venture capital-backed companies. She has concluded prosperous IPOs and adhere to-on equity offerings elevating above $200 million.

“MariaDB is on the quick-monitor to be a wildly thriving enterprise,” mentioned Russell, board member at MariaDB Company. “Really few businesses are positioned as very well as MariaDB to choose on the $40 billion relational database sector and assist shoppers transition from proprietary databases to open up supply and the cloud. I appear forward to working closely with the rest of the board and executives to capitalize on this unbelievable marketplace prospect.”

Additional Methods

  • Earlier this calendar year MariaDB introduced the intent to develop into a publicly traded organization via combination with Angel Pond Holdings Corporation (NYSE:POND). To study extra, go to https://mariadb.com/IPO.

About MariaDB

MariaDB frees corporations from the costs, cloud lock-in, constraints and complexity of proprietary databases, enabling them to reinvest in what issues most – swiftly building progressive, customer-struggling with applications. MariaDB works by using pluggable, goal-crafted storage engines to assist workloads that beforehand essential a wide range of specialised databases. With complexity and constraints eliminated, enterprises can now depend on a solitary complete database for their desires, irrespective of whether on commodity hardware or their cloud of selection. Deployed in minutes for transactional, analytical or hybrid use conditions, MariaDB delivers operational agility without the need of sacrificing key company features, such as real ACID compliance and comprehensive SQL. Dependable by businesses these as Bandwidth, DigiCert, InfoArmor, Oppenheimer, Samsung, SelectQuote, SpendHQ – MariaDB satisfies the exact main requirements as proprietary databases at a fraction of the value. No surprise it is one of the fastest-expanding databases management units companies. True enterprise relies on MariaDB™.