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Announced

Completed

MariaDB went public via a SPAC merger with Angel Pond in a $672m deal.

Financials

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Transaction Value£500m
Consideration TypeCash
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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Acquisition

customer-facing applications

Private

Software

Single Bidder

De-SPAC

Domestic

United States

Friendly

Reverse Takeover

Merger

Majority

Completed

Synopsis

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MariaDB, an open source database software company, went public via a SPAC merger with Angel Pond, a special purpose acquisition company, in a $672m deal. “Today is an exciting day that marks a new chapter for MariaDB and an important milestone in the cloud industry. Our customers increasingly come to us because they are struggling with the scalability and availability offered by the hyperscalers. With MariaDB SkySQL, we deliver better price and performance while freeing businesses from vendor lock-in with a multicloud offering. I am incredibly proud to work with our talented team and our investors as we continue to build success in the cloud for companies around the world," Michael Howard, MariaDB CEO.

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