MariaDB® Corporation announces the appointments of Christine Napoli as Chief Financial Officer (CFO) and Christine Russell as a new member of the Board of Directors.
These appointments come at a key time for the company which recorded a 42% growth in its annual recurring revenue (ARR) for the six months ended March 31, 2022 compared to the same period last year. During this period, MariaDB’s growth has exceeded four times the growth forecast for the relational database market, valued by IDC at 9.6% in compound annual growth rate (CAGR) for the period 2020-2025 (IDC, “Worldwide Database Management Systems Software Forecast”, 2021-2025, US48224421, September 2021).
As businesses modernize and migrate to the cloud, MariaDB’s database solutions save them the cost, cloud lock-in, and constraints and complexity of proprietary databases. The company, whose customer base is constantly growing, has more than 600 customers in more than 60 countries, representing all sectors of activity including financial services, telecommunications, retail, technologies, the public sector and education
“Given the evolution of MariaDB, it is essential that our team have the experience and expertise to implement the financial operations and controls expected of any publicly traded company,” said Michael Howard. , CEO of MariaDB Corporation. “Ms. Napoli and Ms. Russell have both led successful careers in finance and have the experience to guide us into the future. With these two new leaders, we are well positioned to continue our evolution towards the status of a company listed on the stock exchange. »
“The database industry is undergoing a renaissance,” said C. Napoli, CFO of MariaDB Corporation. “Faced with the need to rely on data, which was evident when I worked in the media industry, the backbone of database applications must be ultra-resilient and able to support massive sizing. MariaDB is clearly on the cutting edge with its next generation database technology and I look forward to being part of the team that will support its growth and business. »
To join MariaDB, C. Napoli left her position as CFO at Peacock, the NBCUniversal streaming service of which she was one of the main leaders from its inception. Napoli contributed to increasing the activity to 28 million monthly active accounts in two years for a turnover of more than 700 million dollars for the financial year. A seasoned executive, she has gained extensive operational and financial experience in various business units of NBCUniversal. She previously worked at Price Waterhouse LLP (now PwC) as an auditor in the financial services industry.
C. Russell is currently a member of the board of directors and chair of the audit committee of three publicly traded technology companies (AXT, Inc., eGain Corporation and QuickLogic Corporation) and several private companies, including iCoin Technology as well as the ‘SVDX (Silicon Valley Directors’ Exchange) organization. Previously, she served as CFO of six publicly traded companies (PDF Solutions, UniPixel, Inc., Virage Logic Corporation, Ceva, Inc., Persistence Software Inc., and Valence Technologies, Inc.), two private equity-backed companies investment and four venture-backed companies. She has successfully completed initial public offerings (IPOs) and subsequent equity offerings raising over $200 million.
“MariaDB is fast becoming a hugely successful company. said C. Russell, Board Member of MariaDB Corporation. “Few companies are as well positioned as MariaDB to take on the challenge of the $40 billion relational database market and help customers migrate their proprietary databases to open source and wear in the Cloud. I look forward to working closely with other Board members and leaders to make this tremendous opportunity a reality. »