MapR names John Schroeder chairman and CEO
MapR Technologies, Inc., based in Santa Clara, CA announced on January 12 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 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 Schroeder. “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.”