Today, MariaDB Corporation, the company behind the fastest growing open source database, announced that it has acquired enterprise analytics database company MammothDB for an undisclosed sum. Through the acquisition, MariaDB expands its European presence with a new office in Sofia, Bulgaria, and grows its global engineering and consulting talent and technology portfolio to further strengthen its modern analytics solutions and advance its broader Database-as-a-Service (DBaaS) strategy.
Headquartered in Sofia, MammothDB was founded in 2011 by an international team of serial entrepreneurs and experienced corporate managers. The Company develops an innovative parallel analytics database product, capable of handling very large data volumes.
Empower Capital, along with 3TS Capital Partners, a leading European technology growth capital investors, invested in MammothDB during 2015 to support further growth and internationalization of the business.
Michael Howard, CEO of MariaDB Corporation, commented:
“The MammothDB team joins MariaDB at a critical point in our growth, bringing with them an impressive track record of delivering big data solutions. Over the past year, we’ve seen a major increase in demand for MariaDB AX as organizations seek to fill an open source analytics gap left by proprietary offerings such as Oracle and Teradata. The addition of MammothDB’s deep analytics expertise will be invaluable to helping MariaDB meet this growing need and continue to innovate our analytic products.”
Steve Keil, former CEO of MammothDB, commented:
“We see great synergy between our mission and MariaDB’s goal of delivering innovative, enterprise-grade database solutions at a fraction of the cost of other options in the market. MammothDB was founded to help organizations that were tired of using 80 percent of their IT budget on licensing and hardware costs from companies like Oracle and Teradata. We’re thrilled to join forces with MariaDB to continue furthering that goal and to help bring even more powerful analytic offerings to the global open source community.”
Stanislav Nikolaev, Partner at Empower Capital: „We are pleased that MammothDB’s team have found a new strong partner in MariaDB. The technological edge that MammothDB has developed since 2015 will surely contribute to MariaDB’s further growth and success.“
MammothDB develops analytics database products used to power enterprise data warehousing and business intelligence solutions, providing actionable insights to the organization. MammothDB’s products leverage new technologies and architecture, enabling companies to gain interactive enterprise analytics at a disruptive price. MammothDB can efficiently and in a scalable way accommodate data sizes from GB’s of data up to TBs of “Big Data”. Further information is available at www.mammothdb.com
About MariaDB Corporation
MariaDB Corporation is the company behind MariaDB, the fastest growing open source database. MariaDB, with a strong history of community innovation and enterprise adoption, provides the most functionally complete open source database. MariaDB powers applications at companies including Google, Wikipedia, Tencent, Verizon, DBS Bank, Deutsche Bank, Telefónica, Huatai Securities and more. Further information is available at www.mariadb.com
This publication has been produced with assistance of Operational Programme “Development of the competitiveness of the Bulgarian economy”2007-2013, co-financed by the European Union through the European Regional Development Fund. The contents of this publication are responsibility of EMPOWER Capital Fund Coöperatief U.A. and can in no way be taken to reflect the position of the European Union.