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MapR Names John Schroeder Chairman and Chief Executive OfficerMapR® Technologies, Inc., a pioneer in delivering one platform for all data, across every cloud, today announced that company Founder and Executive Chairman John Schroeder will return as Chairman of the Board of Directors and Chief Executive Officer, effective immediately. Matt Mills who previously served as Chief Executive Officer will be leaving the company. "MapR continues to represent an extraordinary opportunity with strong growth in a very exciting market. We thank Matt for his hard work and MapR's operational expansion under his leadership," said Gene Frantz, Partner CapitalG (formerly Google (News - Alert) Capital). "John's depth in the enterprise big data market, his strategic vision and experience as CEO makes him the optimal leader to continue the strong growth of the company, position the company for the public market, and accelerate technology leadership." Results for the period ended October 31, 2017 showed annual year-over-year subscription billings growth of 66 percent. During the quarter, MapR continued to grow its customer base across industries and maintained a greater than 95 percent customer retention rate. MapR's dollar-based net expansion rate exceeded 150 percent for the previous twelve months. The MapR Converged Data Platform is proving to be the data platform of choice for global enterprises who are executing against their digital transformation strategy. "These are exciting times for MapR. Our original vision and data technology we have put in place is now at the center of cloud, machine learning, and edge processing," said John Schroeder, CEO, MapR. "Customers from leading organizations continue to transform their businesses with our revolutionary technology in multiple industries, such as financial services, telco, retail, networking and healthcare. We view our continued customer growth as validating our approach and innovation of a single data platform that enables a true global data fabric to harness value from all types of data." Continuing Customer Expansion and New Customer Wins
"Our customers and our external security auditors require that we retain an authoritative record of all data being ingested into and processed by our ALLOY™ Platform for Healthcare," said Lance Pilkington, vice president of compliance, Liaison Technologies (News - Alert). "We built and maintain the ALLOY Platform to meet the highest standards of data compliance on behalf of users. In today's era of Big Data, traditional approaches to addressing data lineage requirements simply cannot meet our customers' compliance needs. Liaison Technologies leverages MapR Event Streams (MapR-ES) extensively as the foundation of our compliance-ready lineage solution, as it allows us to keep an immutable log of all transactions." Industry Leading Technology Innovations for the MapR Converged Data Platfrm
"Xactly's (News - Alert) SPM Suite, predictive analytics and big data intelligence are the foundation for the sales programs of more than 1,200 customers. Billions of transactions flow through our systems each quarter and we have handled more than $20 billion in incentive compensation payments in the last two years alone," said Ron Rasmussen, CTO, Xactly Corporation. "If our systems aren't running at maximum performance, the course of business slows and people don't get paid. MapR understands that our database architecture is critical to our success and that of our customers. Their system provides the flexibility and integrated analytics required for Xactly to continue to build and scale SPM solutions that are unmatched in performance, scalability and uptime." Product Accolades and Industry Recognition
Thriving Partner Ecosystem
About MapR Technologies MapR Technologies, a pioneer in delivering one platform for all data across every cloud, enables companies to harness the power of all of their data with the MapR Converged Data Platform. With the MapR Platform, companies can do analytics and applications together as data happens to create intelligent, next-generation applications to outperform the competition. Global 2000 enterprises are using the MapR Platform to help them solve their most complex data challenges. Amazon, Cisco, Google, Microsoft, SAP (News - Alert) and other leading businesses are all part of the MapR ecosystem. For more information, please visit: www.mapr.com. MapR is a registered trademark of MapR Technologies, Inc. in the United States and other countries. Other names and brands may be the property of others.
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