Database maker MariaDB receives $37M takeover proposal
Summary
MariaDB plc, a company that commercializes the open-source relational database of the same name, has received takeover interest from K1 Investment Management. MariaDB previously received a slightly higher tentative offer of 56 cents a share from Runa Capital, but the acquisition talks didn’t lead to a sale. The proxy can automatically retry queries if they’re interrupted by an error and redirect user requests to a backup database if a company’s main MariaDB environment goes offline. The software maker’s database distribution also offers a number of other features besides MaxScale, notably an audit tool for tracking how business information is used. More recently, another market player called Qdrant raised $28 million this past January to help organizations store the information processed by their artificial intelligence models.