Founder John Schroeder named Executive Chairman of the Board
SAN JOSE, Calif.–(BUSINESS WIRE)–September 8, 2016–
MapR Technologies, Inc., provider of the industry’s only Converged Data Platform, today announced the appointment of Matt Mills, previously president and COO, as chief executive officer and board member. Company founder and previous CEO John Schroeder will assume the role of executive chairman. He will remain involved fulltime with the company, continuing to partner with Mills while focusing on product vision and strategy, investor relations, and industry & customer relationships. Both executives assume their new roles effective immediately.
This change is a natural evolution for the company, capitalizing on existing MapR leadership and positioning the company for further success. As the product visionary, Schroeder saw the market opportunity, and differentiated MapR from the competition through years of engineering innovation and its enterprise software business model. Mills and Schroeder bring strong complementary skill sets, mutual respect for each other, and have already proven to be a successful leadership team; the company has posted four consecutive quarters of record growth under their shared guidance.
“It was very important for us to bring on a leader who shares the MapR vision for creating the next big platform for business, while maintaining our goal of building a company that will last,” said Schroeder. “We found that leader in Matt. We share the same values and developed an incredible partnership. I look forward to continuing it in our new roles.”
Mills is a seasoned industry veteran who brings a strong track record for leading high-growth organizations. He joined MapR after 20 years at Oracle, most recently leading the NA business while serving on the company’s executive committee. With his experience in scaling a business in a competitive market, Mills is well-suited to ensure that MapR capitalizes on its tremendous market opportunity.
“I am honored that John and the Board have entrusted me with this incredible opportunity. MapR delivers the one technology platform that companies can rely on to bridge legacy systems with next generation applications, enabling real business transformation,” said Mills. “MapR is bringing an end to the compromises companies have traditionally made with technology, by delivering the most advanced solutions at a lower cost. With industry leading solutions and a differentiated, proven business model, MapR is well placed for continued growth.”
MapR has built a sustainable business based on software licensing that is growing at 100 percent annually. The company’s products have become the technology backbone for many of the largest companies in the world, including brands like American Express, Cisco, Ericsson, and Samsung.
About MapR Technologies
MapR enables organizations to create disruptive advantage and long-term value from their data with the industry’s only Converged Data Platform, which delivers distributed processing, real-time analytics, and enterprise grade requirements across cloud and on-premise environments, while leveraging the significant on-going development in open source technologies including Spark and Hadoop. 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 over 50,000 developers, data analysts and administrators have used to close the big data skills gap. Amazon, Cisco, Google, HPE, Microsoft, SAP, and Teradata are part of the worldwide MapR partner ecosystem. Investors include Future Fund, Google Capital, Lightspeed Venture Partners, Mayfield Fund, NEA, Qualcomm Ventures and Redpoint Ventures. Connect with MapR on LinkedIn, and Twitter.