MapR reports record quarter as big data analytics demand soars
Rising interest in next-generation data analytics is propelling big data specialist MapR Technologies to new highs, with the company recording 99% software subscription license growth in Q1.
Justin Bock, MapR Technologies ANZ regional manager, says the global first quarter results were reflected in the Australian and New Zealand markets as well.
"We are seeing a rising interest in our converged data platform from ANZ organisations, which is really positive," Bock says.
"The Hadoop and Spark markets are definitely growing down under, and we want to tap into the opportunities it opens up, both for us and our local partners," he says.
Bock says Australian and New Zealand organisations, particularly those in the telco, financial services and insurance and retail industries, have the opportunity to drive 'amazing' projects in the data analytics space and become examples for other countries.
"I definitely see 2016 as a growth year for MapR in the ANZ region," he says.
"We want to help [ANZ organisations] make the most of what the next-generation data analytics can offer, and we are putting all our efforts – including the recent addition of new staff to our Australian office – towards this goal.
Globally, MapR says new software subscription license growth and existing customer expansions contributed to the record quarter and a dollar-based net expansion rate of 146%.
Matt Mills, MapR Technologies president, says the recently released Converged Data Platform is a key growth engine for the company.
"It empowers enterprises to more effectively put their data to work, improving business performance and unlocking new revenue streams," Mills says.
"As a result, more new customers are coming onboard and our existing customers continue to expand the use of our software.
The company signed up new customers incuding Audi, Eastern Bank, Harte-Hanks, Macquarie and Rubicon Project during Q1, while Cisco also selected MapR to power its new SAP appliance for HANA applications and Ericsson chose MapR as the underlying platform for its new cloud-based service.
