Strategic investment aims to accelerate MariaDB's mission to deliver innovative, scalable database solutions with new executive leadership to drive the next phase of growth MANHATTAN BEACH, Calif. and MILPITAS, Calif., and DUBLIN, Sept. 10, 2024 /PRNewswire/ -- K1 Investment Management, LLC ("K1"), one of the largest investors in small-cap enterprise software companies, today announced the completion of its tender offer to acquire 100 percent of the issued ordinary shares of MariaDB plc (NYSE:MRDB) ("MariaDB"), a leader in enterprise database solutions. This strategic investment positions MariaDB to further expand its presence in the enterprise market and continue delivering innovative, scal
Technology finance veteran joins MariaDB for next phase of accelerated cloud revenue growth MariaDB plc (NYSE:MRDB) today announced the appointment of Conor McCarthy as chief financial officer (CFO), effective April 10, 2023. McCarthy, who has over 30 years leading finance organizations at high-growth companies, brings significant experience scaling software-as-a-service (SaaS) businesses. "In my book, the ingredients for scaling a SaaS business are market opportunity, product differentiation and track record of innovation and execution – MariaDB checks all the boxes," says McCarthy. "Having scaled multiple SaaS businesses, I see a phenomenal near-term opportunity for MariaDB in the $74
Strategic investment aims to accelerate MariaDB's mission to deliver innovative, scalable database solutions with new executive leadership to drive the next phase of growth MANHATTAN BEACH, Calif. and MILPITAS, Calif., and DUBLIN, Sept. 10, 2024 /PRNewswire/ -- K1 Investment Management, LLC ("K1"), one of the largest investors in small-cap enterprise software companies, today announced the completion of its tender offer to acquire 100 percent of the issued ordinary shares of MariaDB plc (NYSE:MRDB) ("MariaDB"), a leader in enterprise database solutions. This strategic investment positions MariaDB to further expand its presence in the enterprise market and continue delivering innovative, scal
NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, DIRECTLY OR INDIRECTLY (IN WHOLE OR IN PART) IN, INTO OR FROM ANY JURISDICTION WHERE TO DO SO WOULD CONSTITUTE A VIOLATION OF THE RELEVANT LAWS OF SUCH JURISDICTION. COMPULSORY ACQUISITION NOTICES MariaDB plc (NYSE:MRDB) ("MariaDB" or the "Company") announces that Meridian BidCo LLC ("Bidco"), an affiliate of K1 Investment Management, LLC, put out a press release on the date hereof (the "Bidco press release") relating to the unsolicited offer (the "Offer") by Bidco to purchase all of the issued and to be issued ordinary shares of $0.01 each (nominal value) of the Company (the "MariaDB Shares"). The Offer was settled in accordance with its te
NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, DIRECTLY OR INDIRECTLY (IN WHOLE OR IN PART) IN, INTO OR FROM ANY JURISDICTION WHERE TO DO SO WOULD CONSTITUTE A VIOLATION OF THE RELEVANT LAWS OF SUCH JURISDICTION. TENDER OFFER EXPIRATION AND ACCEPTANCES UPDATE MariaDB plc (NYSE:MRDB) ("MariaDB" or the "Company") announces that Meridian BidCo LLC ("Bidco"), an affiliate of K1 Investment Management, LLC, put out a press release on the date hereof (the "Bidco press release") relating to the unsolicited offer (the "Offer") by Bidco to purchase all of the issued and to be issued ordinary shares of $0.01 each (nominal value) of the Company ("MariaDB Shares"). According to the Bidco press releas
NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, DIRECTLY OR INDIRECTLY (IN WHOLE OR IN PART) IN, INTO OR FROM ANY JURISDICTION WHERE TO DO SO WOULD CONSTITUTE A VIOLATION OF THE RELEVANT LAWS OF SUCH JURISDICTION. PUBLICATION OF AMENDMENT TO PREVIOUSLY FILED AMENDED AND RESTATED SOLICITATION/RECOMMENDATION STATEMENT ON SCHEDULE 14D-9 On 11 July 2024, MariaDB plc (NYSE:MRDB) ("MariaDB" or the "Company") filed with the United States Securities and Exchange Commission (the "SEC") an amendment to its amended and restated Solicitation/Recommendation Statement on Schedule 14D-9 previously filed with the SEC on June 24, 2024 ("Amendment No. 6"). Copies of this announcement and Amendment No. 6,
NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, DIRECTLY OR INDIRECTLY (IN WHOLE OR IN PART) IN, INTO OR FROM ANY JURISDICTION WHERE TO DO SO WOULD CONSTITUTE A VIOLATION OF THE RELEVANT LAWS OF SUCH JURISDICTION. PUBLICATION OF AMENDMENT TO PREVIOUSLY FILED AMENDED AND RESTATED SOLICITATION/RECOMMENDATION STATEMENT ON SCHEDULE 14D-9 On 5 July 2024, MariaDB plc (NYSE:MRDB) ("MariaDB" or the "Company") filed with the United States Securities and Exchange Commission (the "SEC") an amendment to its amended and restated Solicitation/Recommendation Statement on Schedule 14D-9 previously filed with the SEC on June 24, 2024 ("Amendment No. 5"). Copies of this announcement and Amendment No. 5,
NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, DIRECTLY OR INDIRECTLY (IN WHOLE OR IN PART) IN, INTO OR FROM ANY JURISDICTION WHERE TO DO SO WOULD CONSTITUTE A VIOLATION OF THE RELEVANT LAWS OF SUCH JURISDICTION. PUBLICATION AND POSTING OF AMENDED AND RESTATED SOLICITATION/RECOMMENDATION STATEMENT ON SCHEDULE 14D-9 On 24 June 2024, Meridian Bidco LLC ("Bidco") filed with the United States Securities and Exchange Commission (the "SEC") and mailed to the shareholders of MariaDB plc (NYSE:MRDB) ("MariaDB" or the "Company") an amended and restated Tender Offer Statement and Rule 13e-3 Transaction Statement on Schedule TO with the U.S. Securities and Exchange Commission (the "SEC"), of which
MariaDB plc (NYSE:MRDB) today filed its financial results for the second quarter of fiscal year 2024, which ended March 31, 2024. "Annual Recurring Revenue (ARR) is up 11.9% year-over-year in the second quarter of fiscal year 2024 coupled with a 97% improvement in Adjusted EBITDA loss of $378 thousand versus the prior fiscal year second quarter loss of $12.6 million," said Paul O'Brien, CEO at MariaDB plc. "In six months, we have demonstrated our ability to quickly turn our financial story around and are optimistic about the future performance of the business." The Net Loss for the second quarter was $3.5 million, an improvement of $8.4 million as compared to a Net Loss of $11.9 million i
NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, DIRECTLY OR INDIRECTLY (IN WHOLE OR IN PART) IN, INTO OR FROM ANY JURISDICTION WHERE TO DO SO WOULD CONSTITUTE A VIOLATION OF THE RELEVANT LAWS OF SUCH JURISDICTION. THIS IS AN ANNOUNCEMENT REGARDING AN EXTENSION, IN ACCORDANCE WITH RULE 2.6(c) OF THE IRISH TAKEOVER PANEL ACT 1997, TAKEOVER RULES, 2022 (THE "IRISH TAKEOVER RULES") OF THE DEADLINE PROVIDED FOR IN RULE 2.6(a) OF THE IRISH TAKEOVER RULES. THIS IS NOT AN ANNOUNCEMENT OF A FIRM INTENTION TO MAKE AN OFFER UNDER RULE 2.7 OF THE IRISH TAKEOVER RULES AND THERE CAN BE NO CERTAINTY THAT AN OFFER WILL BE MADE OR AS TO THE TERMS ON WHICH ANY OFFER MIGHT BE MADE. The Board of MariaDB plc
BURLINGTON, Mass., April 19, 2024 (GLOBE NEWSWIRE) -- NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION (IN WHOLE OR IN PART) IN, INTO OR FROM ANY JURISDICTION WHERE TO DO SO WOULD CONSTITUTE A VIOLATION OF THE RELEVANT LAWS OF SUCH JURISDICTION. THIS IS AN ANNOUNCEMENT UNDER RULE 2.4 OF THE IRISH TAKEOVER PANEL ACT, 1997, TAKEOVER RULES, 2022 (THE "TAKEOVER RULES") AND IS NOT AN ANNOUNCEMENT OF A FIRM INTENTION TO MAKE AN OFFER UNDER RULE 2.7 OF THE TAKEOVER RULES. THERE CAN BE NO CERTAINTY THAT ANY OFFER WILL BE MADE, NOR AS TO THE TERMS ON WHICH ANY SUCH OFFER WILL BE MADE. POSSIBLE CASH OFFER for MARIADB PLC by PROGRESS SOFTWARE CORP. Summary Further to the announcem
NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, DIRECTLY OR INDIRECTLY (IN WHOLE OR IN PART) IN, INTO OR FROM ANY JURISDICTION WHERE TO DO SO WOULD CONSTITUTE A VIOLATION OF THE RELEVANT LAWS OF SUCH JURISDICTION. THIS IS AN ANNOUNCEMENT REGARDING AN EXTENSION, IN ACCORDANCE WITH RULE 2.6(c) OF THE IRISH TAKEOVER PANEL ACT 1997, TAKEOVER RULES, 2022 (THE "IRISH TAKEOVER RULES") OF THE DEADLINE PROVIDED FOR IN RULE 2.6(a) OF THE IRISH TAKEOVER RULES. THIS IS NOT AN ANNOUNCEMENT OF A FIRM INTENTION TO MAKE AN OFFER UNDER RULE 2.7 OF THE IRISH TAKEOVER RULES AND THERE CAN BE NO CERTAINTY THAT AN OFFER WILL BE MADE OR AS TO THE TERMS ON WHICH ANY OFFER MIGHT BE MADE. The Board of MariaDB plc
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BURLINGTON, Mass., April 19, 2024 (GLOBE NEWSWIRE) -- NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION (IN WHOLE OR IN PART) IN, INTO OR FROM ANY JURISDICTION WHERE TO DO SO WOULD CONSTITUTE A VIOLATION OF THE RELEVANT LAWS OF SUCH JURISDICTION. THIS IS AN ANNOUNCEMENT UNDER RULE 2.4 OF THE IRISH TAKEOVER PANEL ACT, 1997, TAKEOVER RULES, 2022 (THE "TAKEOVER RULES") AND IS NOT AN ANNOUNCEMENT OF A FIRM INTENTION TO MAKE AN OFFER UNDER RULE 2.7 OF THE TAKEOVER RULES. THERE CAN BE NO CERTAINTY THAT ANY OFFER WILL BE MADE, NOR AS TO THE TERMS ON WHICH ANY SUCH OFFER WILL BE MADE. POSSIBLE CASH OFFER for MARIADB PLC by PROGRESS SOFTWARE CORP. Summary Further to the announcem
CubeWerx re-acquires rights to geospatial-as-a-service technology MariaDB plc (NYSE:MRDB) today announced that it has completed a spinoff of its geospatial business to CubeWerx, an independent entity and leader in geospatial products and services. "We are happy to see this powerful geospatial solution continue under its original company and leaders," said Tom Siegel, chief revenue officer, MariaDB plc. "As we continue to focus our efforts on our core MariaDB Enterprise Server product, we are encouraged knowing there is a strong geospatial service offered by CubeWerx that our customers with geospatial data needs can count on." About MariaDB MariaDB is a new generation database compan
Newly formed company SkySQL Inc. acquires rights to SkySQL database-as-a-service (DBaaS) product MariaDB plc (NYSE:MRDB) today announced that it has completed the spinoff of its SkySQL business to SkySQL Inc., a new independent entity founded by the former MariaDB team that built and supported the SkySQL product. Moving forward, the new company, SkySQL Inc., will assume development, sales and support of the SkySQL DBaaS. "We believe this spinoff will facilitate a smooth transition for our customers who rely on SkySQL," said Kurt Haberkamp, VP, customer success, MariaDB plc. "We are thrilled the SkySQL product will continue on under a new company, while allowing us to focus our efforts o
MariaDB plc (NYSE:MRDB) today announced its financial results for the third quarter of fiscal year 2023, which ended June 30, 2023. "We drove strong 22% year-over-year revenue growth in the third quarter, which is consistent with our revenue growth rate over the last few years," said Paul O'Brien, CEO at MariaDB plc. "While we are growing at a steady pace, we have also demonstrated restraint on spending thanks to a company wide effort. Looking ahead, we are excited to leverage five years of foundational Artificial Intelligence and Machine Learning (AI/ML) experience to build new AI/ML database features that will allow customers to predict, classify and even communicate with the database i
MariaDB plc (NYSE:MRDB) today announced that it will report financial results for its third quarter of fiscal year 2023 which ended June 30, 2023 on Monday, August 14, 2023 after market close. MariaDB plc will host a live webcast at 1:30 p.m. Pacific Time (or 4:30 p.m. Eastern Time) on Monday, August 14, 2023 to discuss its financial results. The live webcast and replay of the webcast can be accessed from MariaDB plc's investor relations website at investors.mariadb.com. The webcast replay will be available for 12 months. About MariaDB MariaDB is a new generation cloud database company whose products are used by companies big and small, reaching more than a billion users through Linux
MariaDB plc (NYSE:MRDB) today announced its financial results for the second quarter of fiscal year 2023, which ended March 31, 2023. "The transformation of our business to the cloud is accelerating, reaching 101% year-over-year growth in cloud-related subscription revenue, up from 90% last quarter," said Michael Howard, CEO at MariaDB plc. "Revenue increased 20% year-over-year, a result of our differentiated product offerings, continued innovation and the value we bring to our customers. This is only the beginning, as we expand our cloud database products to broaden the target audience." Second Quarter Fiscal 2023 Financial Highlights Revenue: Total revenue was $13.5 million for
MariaDB plc (NYSE:MRDB) today announced that it will report financial results for its second quarter of fiscal year 2023 which ended March 31, 2023 on Monday, May 8, 2023 after market close. MariaDB plc will host a conference call and webcast at 1:30 p.m. Pacific Time (or 4:30 p.m. Eastern Time) on Monday, May 8, 2023 to discuss its financial results. The conference call can be accessed by dialing (888) 396-8049 from the United States and Canada or (416) 764-8646 internationally with conference ID 56385548. A live webcast and replay of the conference call can be accessed from MariaDB plc's investor relations website at investors.mariadb.com. Following the completion of the conference ca
Cloud-related subscription revenue up 90% year-over-year MariaDB plc (NYSE:MRDB) today announced its financial results for the first quarter of fiscal year 2023, which ended December 31, 2022. "We continue to make progress at transforming our business to the cloud, demonstrated by 90% growth in cloud-related subscription revenue," said Michael Howard, CEO at MariaDB plc. "This positions us well, as we bring substantial new capabilities to the next release of MariaDB SkySQL, a second generation cloud database, delivering unstoppable performance and scale for our customers. The immense value we deliver to our customers is further highlighted by a multi-year contract of up to $34 million clo
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