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"As part of the plan, the company will focus its attention on its core MariaDB Enterprise Server database product," the statement said."Products not related to the core MariaDB Enterprise Server business, including SkySQL and Xpand, will no longer be sold and the Company has implemented a plan to help existing customers migrate off these products.
The plan also includes the loss of 84 jobs or about 28 percent of the workforce to reduce operating costs. Among those to lose their jobs is chief marketing officer Franz Aman. Around 13 employees are expected to be provided transition packages that will ensure they offer some services through the year.
The facility will be used to pay off a European Investment Bank loan, with a maturity date of October 11, 2023. The new VC loan has a maturity date to a maximum of January 10, 2024. Until then MariaDB is restricted from pursuing mergers or recapitalization. In September, Runa Capital madeBig Red says it wants to give customers time to upgrade to 23c, which only exists in the cloud for nowDatabase company, which went through an IPO in December last year, was still in search of credit facility as of AugustVCs lay $52.