Apache Hadoop Technology pioneer for Big Data Deployments, MapR, revealed that in November this year, the number of enterprises subscribing to MapR has crossed 700. The growth is not limited to new customers alone, as the outfit saw a dollar-based net expansion rate of more than 200% for the quarter ended September 30, 2014, owing to existing customers increased current subscriptions, reports MapR.
“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,” explains John Schroeder, CEO and co-founder of 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.”
The press release announcing the development also highlights few other notable events in its business strategy:
- Teamed with SAP to integrate the real-time deep analytics of SAP HANA with the production-ready, top-ranked MapR Distribution including Apache Hadoop.
- Expanded partnership with Teradata, the big data analytics and marketing applications company, in which Teradata will integrate the MapR Distribution and services to create best-in-class 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. These vertical markets are advertising/media, financial services, healthcare, internet, information technology, retail, security, and telecom.
- Added former EVP and CMO of Sun Microsystems, Anil Gadre, as Senior Vice President of Product Management. Gadre brings more than 20 years of experience building and marketing innovative enterprise software products.
A recent survey of conducted by TechValidate indicated a majority of MapR customers experienced payback in less than 12 months and greater than 5X returns on their investment.
Read more here.
(Image credit: MapR)
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