Information Technology News.


The European Investment Bank invests €25 million in the MariaDB project

Share on Twitter.

Sponsered ad: Get a Linux Enterprise server with 92 Gigs of RAM, 16 CPUs and 8 TB of storage at our liquidation sale. Only one left in stock.

Sponsered ad: Order the best SMTP service for your business. Guaranteed or your money back.

May 9, 2017

The European Investment Bank (EIB) has decided that the MariaDB Corp is worthy of €25 million funding under the European Commission’s Investment Plan for Europe.

The Plan is often referred to as the “Juncker Plan”, reflecting its status as a pilot project of European Commission president Jean-Claude Juncker, who wants more investment in the single market.

The company is the commercial entity managing the MariaDB initiative. There's also an open version of the database.

The MariaDB Corporation therefore gets not just a bit of cash, but also an expectation that it will grow fast, if all goes according to plan.

The Commission's statement also quotes industry analysts IDC and Gartner to the effect that database sales are going to rapidly increase and that open source databases are bound to take a big slice of that growth.

With a fine example of just such a database, it would appear that the Bank simply couldn't resist the temptation.

The funds in question are earmarked “to further product innovation for MariaDB’s expanding global enterprise client base and further increase its sales and marketing teams in Europe, America, and Asia.”

The company's Helsinki head quarters are expected to hire engineers to do the innovation part. Sales people will need to be in-territory.

To be fair, MariaDB has a good track record since its CTO Michael Widenius had the same role at MySQL before Sun Microsystems acquired it in 2008.

Various differences of opinion on MySQL's future led Widenius to fork it and create MariaDB T in 2009. MariaDB isn't perfect and does have its share of problems, among them a few security issues, but it still has merit.

However, things have gone kind of nice lately-- MariaDB Corp claims it has 12 million users, plenty of them doing nice stuff and ramping up quickly.

Let's be honest here: €25 million isn't a colossal amount of money by Silicon Valley standards, but MariaDB is already a viable product, nevertheless. There's no reason the cash won't help MariaDB Corp to grow. We'll see later about the political ramifications of the whole thing.

Source: The MariaDB Dev Group.


Sponsered ad: Get a Linux Enterprise server with 92 Gigs of RAM, 16 CPUs and 8 TB of storage at our liquidation sale. Only one left in stock.

Sponsered ad: Order the best SMTP service for your business. Guaranteed or your money back.

Share on Twitter.

IT News Archives | Site Search | Advertise on IT Direction | Contact | Home

All logos, trade marks or service marks on this site are the property of their respective owners.

Sponsored by Sure Mail™, Avantex and
by Montreal Server Colocation.

       © IT Direction. All rights reserved.