REDWOOD CITY, CA and HELSINKI–(BUSINESS WIRE)–MariaDB® society today announced the appointment of Christine Napoli as Chief Financial Officer and Christine Russell as a new member of the Board of Directors.
The appointments come at a pivotal time for the company, which saw 42% growth in annual recurring revenue (ARR) for the six-month period ending March 31, 2022, compared to the same period. last year. During this period, MariaDB grew by more than four times the expected growth of the relational database market, which IDC forecasts as growth of a compound annual growth rate (CAGR) of 9.6% for the period between 2020 and 2025 (IDC, “Worldwide Database Management Systems Software Forecast”, 2021-2025, US48224421, September 2021).
As enterprises modernize and migrate to the cloud, MariaDB database products free customers from the cost, cloud lock-in, constraints, and complexity of proprietary databases. The company has a rapidly growing customer base with over 600 customers in over 60 countries in industries including financial services, telecommunications, retail, technology, public sector and education.
“As we grow MariaDB, it’s critical that we have a team with the experience and expertise to implement the financial controls and operations expected of publicly traded companies,” said Michael Howard, CEO of MariaDB Corporation. “Both Ms. Napoli and Ms. Russell have had distinguished careers in finance and have the experience to lead us in the times ahead. With these two new leaders, we are well positioned as we continue our transition to center stage. »
“There is a renaissance in the database industry,” said Napoli, CFO of MariaDB Corporation. “With the need to be data-driven, as was evident during my time in the media industry, databases, which are the backbone of applications, must be ultra-resilient and must support massive scale. . MariaDB is clearly in a leadership position with its next-generation database technology, and I’m excited to be part of the team that will support its growth and operations. »
Napoli joins MariaDB from Peacock, NBCUniversal’s streaming service, where she was chief financial officer. At Peacock, she has been a key leader since its inception, helping grow the company to 28 million monthly active accounts over a two-year period and over $700 million in revenue for the fiscal year. She is a seasoned executive with extensive operational and financial experience across a multitude of NBCUniversal business units. Previously, she worked at Price Waterhouse LLP (now PwC) as a public auditor in the financial services industry.
Russell is currently a member of the board of directors and chairman of the audit committee of three publicly traded technology companies, including AXT, Inc., eGain Corporation and QuickLogic Corporation, as well as several private companies, including iCoin Technology and Silicon Valley. Directors’ Exchange. She was previously CFO of six publicly traded companies, including PDF Solutions, UniPixel, Inc., Virage Logic Corporation, Ceva, Inc., Persistence Software Inc., and Valence Technologies, Inc., as well as two private equity-backed companies. -investment and four venture capital companies. – enterprises supported. She has completed successful IPOs and follow-on stock offerings, raising over $200 million.
“MariaDB is well on its way to becoming an extremely successful company,” said Russell, board member of MariaDB Corporation. “Very few companies are as well positioned as MariaDB to tackle the $40 billion relational database industry and help customers transition from proprietary databases to open source and cloud. I look forward to working closely with the rest of the board and executives to capitalize on this incredible market opportunity. »
Earlier this year, MariaDB announced plans to become a publicly traded company through a combination with Angel Pond Holdings Corporation (NYSE: POND). To learn more, visit https://mariadb.com/IPO.
MariaDB frees businesses from the cost, cloud lock-in, constraints, and complexity of proprietary databases, allowing them to reinvest in what matters most: rapidly developing innovative, customer-focused applications. MariaDB uses pluggable and purpose-built storage engines to support workloads that previously required a variety of specialized databases. With complexity and constraints removed, businesses can now rely on a single, comprehensive database for their needs, whether it’s off-the-shelf hardware or the cloud of their choice. Deployed in minutes for transactional, analytical, or hybrid use cases, MariaDB delivers operational agility without sacrificing key enterprise features, including true ACID compliance and full SQL. Trusted by organizations like Bandwidth, DigiCert, InfoArmor, Oppenheimer, Samsung, SelectQuote, SpendHQ – MariaDB meets the same basic requirements as proprietary databases at a fraction of the cost. No wonder it’s one of the fastest growing database management system companies. Real business relies on MariaDB™.