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MapR Reports Over 100% Increase in Annual BillingsMapR Technologies, Inc., provider of the industry's only converged data platform, today announced annual billings growth of over 100% compared to the prior year. MapR customers continue to expand their big data initiatives and benefit from the value of a Converged Data Platform. MapR accelerated growth in Q4 with record quarterly billings reflecting the operational impact of recently appointed President and COO, Matt Mills. Customers deploy multiple MapR products to converge analytics at scale, enterprise storage, database operations, and streaming analytics including Spark on a single platform. The value that customers receive from MapR products is reflected in the company's dollar-based net expansion rate of 146% and an impressive 99% customer retention rate. New worldwide MapR customers include Baptist Health, Fishbowl, Harte Hanks, Macquarie Telecom, NASDAQ, Paysafe, SurveyMonkey, Valence Health, and Wells Fargo. They join existing customers such as American Express (News - Alert), Comcast, IRI, Novartis, Qualcomm, Rubicon, Samsung, and UnitedHealthcare Group that continue to expand their MapR environments. "The MapR Converged Data Platform is a game changer that accelerates businesses and disrupts industries," said John Schroeder, CEO and Founder of MapR Technologies. "We're seeing increasing demand for our mission critical and real-time capabilities, and the business, product and community investments we've made will allow us to continue our fast-paced growth." Additional Business Highlights
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Tweet this: MapR reports over 100% increase in annual billings http://bit.ly/1PiYC4T About MapR Technologies MapR provides the industry's only converged data platform that integrates the power of Hadoop and Spark with global event streaming, real-time database capabilities, and enterprise storage, enabling customers to harness the enormous power of their data. Organizations with the most demanding production needs, including sub-second response for fraud prevention, secure and highly available data-driven insights for better healthcare, petabyte analysis for threat detection, and integrated operational and analytic processing for improved customer experiences, run on MapR. A majority of customers achieves payback in fewer than 12 months and realizes greater than 5X ROI. MapR ensures customer success through world-class professional services and with free on-demand training that 50,000 developers, data analysts and administrators have used to close the big data skills gap. Amazon, Cisco (News - Alert), Google, HPE, Microsoft, SAP, and Teradata are part of the worldwide MapR partner ecosystem. Investors include Google Capital, Lightspeed Venture Partners, Mayfield Fund, NEA, Qualcomm Ventures and Redpoint Ventures. Connect with MapR on LinkedIn, and Twitter.
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