Leading Platform for Hadoop Enables Customers to Rapidly Expand Big Data Deployments and Drive Growth
MapR Technologies, Inc., provider of the top-ranked distribution for Apache Hadoop, today announced that first quarter bookings tripled over the prior year. With approximately 90% of its sales from subscription-based product licenses, the software company has high margins and predictable revenue.
In addition to record bookings, MapR announced the following milestones:
"Our tripling of year-over-year bookings demonstrates the ability of MapR to meet the demands for enterprise-grade Hadoop technology across multiple verticals," said MapR Technologies CEO and Co-founder, John Schroeder. "Large and fast growing companies around the world have chosen MapR based on the strength of our technology and breadth of our Hadoop offering to drive robust revenue growth, reduce costs and mitigate risk."
Other highlights in the last quarter include:
"With the majority of MapR software deployed in production environments, Hadoop implementations are demonstrating a profound impact on operations. Companies are moving aggressively to impact business events in real time and 2014 will be another year of significant growth for MapR," concluded Schroeder.
About MapR Technologies
MapR delivers on the promise of Hadoop with a proven, enterprise-grade platform that supports a broad set of mission-critical and real-time production uses. MapR brings unprecedented dependability, ease-of-use and world-record speed to Hadoop, NoSQL, database and streaming applications in one unified distribution for Hadoop. MapR is used by more than 500 customers across financial services, retail, media, healthcare, manufacturing, telecommunications and government organizations as well as by leading Fortune 100 and Web 2.0 companies. Amazon, Cisco, Google and HP are part of the broad MapR partner ecosystem. Investors include Lightspeed Venture Partners, Mayfield Fund, NEA, and Redpoint Ventures. MapR is based in San Jose, CA. Connect with MapR on Facebook, LinkedIn, and Twitter.
MapR Technologies, Inc. Beth Winkowski, 978-649-7189 bwinkowski@maprtech.com or Nancy Pieretti, 603-268-8007 npieretti@maprtech.com