Open up source databases seller MariaDB said on Feb. 1 it is likely general public on the New York Inventory Trade and programs to total the IPO procedure by the 2nd fifty percent of 2022.
MariaDB is likely general public by way of a merger with Angel Pond Holdings Corporation, an NYSE-listed distinctive purpose acquisition organization (SPAC). A SPAC is an ever more common tactic by which firms can go public with out a traditional IPO.
The SPAC merger with MariaDB values the open supply databases vendor at $672 million.
MariaDB has forecast revenue of $47.4 million for the vendor’s recent fiscal yr that finishes in September 2022. When the SPAC merger is entire, the seller will carry on to be led by MariaDB’s present-day CEO, Michael Howard.
Strong situation in the database market place
Heading general public is a beneficial step for MariaDB as it appears to mature, stated Matt Aslett, a Ventana Research analyst.
“MariaDB is effectively positioned to expand its presence in company knowledge methods,” Aslett reported.
The vendor’s mix of open up resource technological innovation, cloud managed solutions, consulting know-how and MySQL databases compatibility puts it in a potent position in the database market place, Aslett claimed.
Matt AslettAnalyst, Ventana Exploration
MariaDB’s databases platform addresses equally operational and analytic workloads, which includes distributed SQL as perfectly as substantial availability and reliability, Aslett famous.
From MySQL to SkySQL to MariaDB
MariaDB obtained its get started in 2009, at first as a fork of the open supply MySQL database.
MariaDB’s creator, Monty Widenius, is also the creator of MySQL. About the final decade, MariaDB’s neighborhood of users and engineering has developed.
From a company point of view, the MariaDB corporation was fashioned in 2013, following a merger concerning database products and services seller SkySQL and the critical men and women guiding the open source MariaDB databases job.
The MariaDB company has helped to provide commercial support products and services and business distribution of the database. MariaDB X5, unveiled in 2020, marked a major highlight for the firm as it extra dispersed SQL abilities for both equally on-premises and cloud users.
The cloud is an location of lively curiosity and emphasis for MariaDB.
In modern several years, the open supply database seller has centered on constructing out its cloud database-as-a-service system regarded as MariaDB SkySQL, which also turned commonly accessible in 2020.
MariaDB has ongoing to establish out its cloud DBaaS abilities, introducing significant availability and scalability capabilities for distributed SQL in May 2021.
The open up resource DBaaS industry in latest many years has heated up, with multiple sellers like DataStax, Couchbase, Instaclustr and Aiven all presenting open up supply database abilities.