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

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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

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

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