MapR Achieves another Record Quarter with 99% Subscription booking

MapR Technologies Inc. announced another record quarter, which includes 99% growth in software subscription license bookings over prior year. This continued growth was fueled by the release of the industry’s only Converged Data Platform, which enables its customers to accelerate data-driven applications with the best security, flexibility, scalability, and real-time capabilities.

New software subscription license growth and existing customer expansions contributed to the record quarter and an impressive dollar-based net expansion rate of 146%. MapR customers continue to realize significant benefits from MapR products including the recently released Converged Data Platform, resulting in a steady 99% retention rate for MapR. Additionally, the growth and operational focus of MapR have resulted in higher cash efficiency, posting another quarter of improved cash flow.

“The Converged Data Platform is a growth engine for the company,” said Matt Mills, President, MapR Tech. “It empowers enterprises to more effectively put their data to work, improving business performance and unlocking new revenue streams. As a result, more new customers are coming onboard and our existing customers continue to expand the use of our software. We continue to add remarkable talent across the company, including sales, professional services and engineering. By efficiently scaling our operations to support all the increased demand, I’m confident we’ll continue to deliver record setting growth well into the future.”

“The industry is in the midst of the biggest change in enterprise computing in decades and companies that are serious about using data to improve business results are relying on MapR,” said John Schroeder, founder and CEO, MapR Tech. “MapR makes significant contributions to the Apache community and this involvement enables us to uniquely combine open source innovation with our patented Converged Data Platform to enable customers to increase revenues, lower costs, and mitigate risk.”