MariaDB Finalizes Spinoff of SkySQL

Rhea-AI Summary

MariaDB plc (NYSE:MRDB) completes spinoff of SkySQL business to newly formed company SkySQL Inc., allowing the new entity to assume development, sales, and support of the SkySQL DBaaS. This move aims to ensure a smooth transition for customers while enabling MariaDB plc to focus on its core product, MariaDB Enterprise Server.

Newly formed company SkySQL Inc. acquires rights to SkySQL database-as-a-service (DBaaS) product

REDWOOD CITY, Calif. & DUBLIN--(BUSINESS WIRE)-- 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 on our core MariaDB Enterprise Server product.”

About MariaDB

MariaDB is a new generation database company whose products are used by companies big and small, reaching more than a billion users through Linux distributions and have been downloaded over one billion times. Deployed in minutes and maintained with ease, leveraging cloud automation, MariaDB database products are engineered to support any workload, any cloud and any scale – all while saving up to 90% of proprietary database costs. Trusted by organizations such as Bandwidth, DigiCert, InfoArmor, Oppenheimer and Samsung, MariaDB’s software is the backbone of critical services that people rely on every day. For more information, please visit mariadb.com.

Source: MariaDB

View source version on businesswire.com: https://www.businesswire.com/news/home/20231214486927/en/

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Source: MariaDB

FAQ

What is the newly formed company that acquired the rights to SkySQL DBaaS?

The newly formed company is SkySQL Inc.

What is the ticker symbol for MariaDB plc?

The ticker symbol for MariaDB plc is MRDB.

What product will SkySQL Inc. be responsible for?

SkySQL Inc. will assume development, sales, and support of the SkySQL DBaaS.

Why did MariaDB plc spin off its SkySQL business?

MariaDB plc spun off its SkySQL business to focus its efforts on its core product, MariaDB Enterprise Server.