MariaDB plc: Shareholders speak, but execs are quiet
There appears to be many questions and few answers about MariaDB plc’s long-term strategy following an announcement that its shareholders have accepted an offer by California-based investment firm K1 Investment Management.
News that the company that provides database and SaaS services around the open-source database MariaDB had been acquired came on Monday, when it was announced that a trio of companies—K1; Meridian Bidco LLC, a K1 affiliate; and K5 Capital Advisors—“now have irrevocable shareholder support in respect of 68.51% of MariaDB shares.”