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SOFIA (Bulgaria), March 27 (SeeNews) - Finland's MariaDB Corporation, the developer of open source database MariaDB, said on Tuesday that it has acquired Bulgarian enterprise analytics database company MammothDB for an undisclosed price.
"The MammothDB team joins MariaDB at a critical point in our growth, bringing with them an impressive track record of delivering big data solutions," Michael Howard, CEO of MariaDB Corporation, said in a statement.
With the new office in Sofia, MariaDB will be able to continue expanding its European presence, accelerate product delivery and better support its growing global community, the statement reads.
"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," Steve Keil, former CEO of MammothDB, said.
The acquisition comes on the heels of MariaDB’s recent momentum, including an investment from the European Investment Bank (EIB) and Alibaba Group totaling $54 million (43.5 million euro), according to the statement.
($ = 0.8061 euro)