TechTakes @awful.systems froztbyte @awful.systems 2mo ago

good news everyone, mariadb strain is now owned by PE

www.prnewswire.com K1 Acquires MariaDB, a Leading Database Software Company, and Appoints New CEO

/PRNewswire/ -- K1 Investment Management, LLC ("K1"), one of the largest investors in small-cap enterprise software companies, today announced the completion...

I will say I'm not much of a fan of mysqls but uhhhhh this seems bad

6 comments

I never understand how articles are always excited to announce stuff like this. Yes, ok the C suite is going to get a fat check, but being acquired by a company that exclusively focus on making money isn't really a good thing. Selling database support to enterprises don't have the exponential growth that those investors are usually craving. Are those investors OK with a slow but steady income flow?
- it’s PR Newswire - the entire content of this will be a press release sent out by the companies themselves, having been written by the pr/marketing departments of the entities involved l
  
  yes but i saw a similar enthusiastic post on TechCrunch
Well, they used to have 700 customers.

6 comments