MariaDB plc successfully completed its merger with Angel Pond Holdings Corporation, becoming a publicly traded entity on the New York Stock Exchange and solidifying its position as a leader in the cloud database market.

Information on the Target

MariaDB plc (NYSE:MRDB) is a pioneering cloud database company that specializes in providing innovative open-source database solutions tailored to the needs of modern businesses. Founded in 2010, MariaDB has established itself as a key player in the database market, particularly appealing to enterprises shifting away from traditional hyperscaler clouds due to challenges related to scalability and availability. The company's recent business combination with Angel Pond Holdings Corporation (APHC), a previously publicly traded special purpose acquisition company, has culminated in the formation of a new public entity under the name MariaDB plc.

This merger marks a significant milestone for MariaDB, enhancing its profile in the competitive cloud database arena and enabling it to further leverage the opportunities presented by the rapidly evolving data economy.

Industry Overview in the Target’s Specific Country

The cloud database industry is experiencing a robust transformation globally, with a notable impact in Europe, where MariaDB is headquartered. The rising demand for cloud solutions has prompted businesses across various sectors to seek more agile and relia