MariaDB Names Conor McCarthy as Chief Financial Officer
April 06 2023 - 4:30PM
Business Wire
Technology finance veteran joins MariaDB for
next phase of accelerated cloud revenue growth
MariaDB plc (NYSE: MRDB) today announced the appointment of
Conor McCarthy as chief financial officer (CFO), effective April
10, 2023. McCarthy, who has over 30 years leading finance
organizations at high-growth companies, brings significant
experience scaling software-as-a-service (SaaS) businesses.
“In my book, the ingredients for scaling a SaaS business are
market opportunity, product differentiation and track record of
innovation and execution – MariaDB checks all the boxes,” says
McCarthy. “Having scaled multiple SaaS businesses, I see a
phenomenal near-term opportunity for MariaDB in the $74 billion
relational database market. MariaDB’s second generation cloud
database, SkySQL, goes beyond the offerings by public cloud vendors
to deliver multicloud freedom, autoscaling both ways, and powerful
analytics mixed with transactions. The leadership team and board’s
depth of industry expertise combined with the company’s ability to
execute, as demonstrated by 90% year-over-year growth in
cloud-related subscription revenue, makes me excited for what’s
possible with MariaDB.”
Previously, McCarthy was CFO at Ideanomics, a NASDAQ listed
cleantech company, where he developed the revenue models for
vehicle-as-a-service and charging-as-a-service products. Prior to
Ideanomics, McCarthy was CFO at OS33, leading due diligence for a
successful equity raise, and CFO at Intent Media Inc., closing two
committed loan facilities. Additionally, McCarthy spent nine years
at wholesale brokerage firm GFI Group Inc., now part of NASDAQ
listed BGC Partners, where he was CFO-Americas and led business
process reviews that resulted in $20 million in reduced capital
committed.
“We are delighted to welcome Conor to the MariaDB team,” said
Michael Howard, CEO at MariaDB plc. “Conor has an outstanding track
record taking high-growth companies to the next level. We are
confident his proven leadership and extensive experience with SaaS
companies will positively impact our next chapter of growth as we
continue disrupting the industry with our second generation
database-as-a-service offering.”
MariaDB continues to make progress at transforming its business
to the cloud. In the quarter ending in December 2022, MariaDB
reported a 20% increase in revenue year-over-year and a 90%
increase in cloud-related subscription revenue year-over-year. The
company also recently announced the availability of a new release
of MariaDB SkySQL, a second generation cloud database service that
is tuned and optimized for the most complex situations. New cloud
innovations include autoscaling and serverless analytics to better
manage database costs. MariaDB will be showcasing SkySQL, along
with 40 sessions including MariaDB customers, experts and partners,
at OpenWorks 2023 on May 9-10, 2023, in New York City and
virtually. Register to attend MariaDB OpenWorks.
About MariaDB MariaDB is a new generation cloud database
company whose products are used by companies big and small,
reaching more than a billion users through Linux distributions and
have been downloaded over one billion times. Deployed in minutes
and maintained with ease, leveraging cloud automation, our database
products are engineered to support any workload, any cloud and any
scale – all while saving up to 90% of proprietary database costs.
Trusted by organizations such as Bandwidth, DigiCert, InfoArmor,
Oppenheimer, Samsung, SelectQuote and SpendHQ, MariaDB’s software
is the backbone of critical services that people rely on every day.
Learn more at mariadb.com.
Source: MariaDB
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