MariaDB plc (MRDB) Stock News, Dec 19, 2022

MariaDB plc has completed its merger with Angel Pond Holdings Corporation, effective December 19, 2022. The company now trades under the ticker MRDB on the NYSE. Ending FY22, MariaDB reported over $50 million in Annual Recurring Revenue (ARR) and serves over 600 customers globally. The merger aims to enhance the company's position in the competitive cloud database market, providing cost-effective solutions that can reduce database costs by up to 90%. CEO Michael Howard emphasizes MariaDB’s commitment to multicloud offerings supporting scalability and performance.