After job cuts, MariaDB faces uncertain financial future

MariaDB, the provider of  the relational database management system (RDBMS) of the same name — a fork of the open source based MySQL — is looking for financing to make up for an upcoming shortfall in revenue, after laying off 26 staff from its 340-strong workforce, according to various filings the company has made.

“We anticipate that our cash, cash equivalents, and cash provided by sales of database subscriptions and services will not be sufficient to meet our projected working capital and operating needs,” MariaDB said in a prospectus filed with the US Securities and Exchange Commission (SEC).

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Author: . [Source Link (*), InfoWorld]

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