700 Customers for MapR

MapR Technologies, Inc., provider of distribution for Apache Hadoop, announced that, in November 2014, the number of companies that have a paid subscription for MapR exceeds 700.

Existing customers increased their current subscriptions resulting in a dollar-based net expansion rate of more than 200% for the quarter ended September 30, 2014 (*)

“We’ve built a mature, fast growing company based on an innovative technology platform that helps some of the world’s largest companies harness the power of data and a business model architected for long-term success,” said John Schroeder, CEO and co-founder, MapR. “We’re extremely confident we’ll continue to execute on our vision, clearly positioning our customers for continued growth and success in this quickly expanding market.“

MapR continues to execute its business strategy, adding partners, seasoned industry talent and demonstrating substantial customer growth.

Recent highlights:

• Teamed with SAP to integrate the real-time deep analytics of SAP HANA with the production-ready MapR Distribution including Apache Hadoop.
• Expanded partnership with Teradata, a big data analytics and marketing applications company, in which Teradata will integrate the MapR Distribution and services to create unified solutions for data warehousing, Hadoop, discovery platforms, and NoSQL.
• Continued growth in vertical markets. As of November 2014, MapR has one or more customers in eight vertical markets that have purchased more than one million dollars of MapR software and services. Thee vertical markets are advertising/media, financial services, healthcare, internet, IT, retail, security, and telecom.
• Added former EVP and CMO of Sun Microsystems, Anil Gadre, as SVP of product management. he brings more than 20 years of experience building and marketing enterprise software products.
• A recent survey of MapR customers conducted by TechValidate indicated a majority of customers experienced payback in less than 12 months and greater than 5X returns on their investment.
  

(*) Dollar-based net expansion rate compares subscription revenue from the same customers from one period to the next. The company measures dollar-based net expansion rate on a quarterly basis because many customers expand their subscriptions frequently. To calculate our dollar-based net expansion rate, the firm first establish the base quarter revenue from all subscription-based revenue during such quarter. We then calculate the subscription-based revenue from those same customers the quarter ending the following year; then divide that recent quarter’s revenue from subscriptions by the base quarter’s revenue from subscriptions to arrive at net expansion rate.