HPP advised the European Investment Bank (EIB) on the Finnish aspects of a EUR 25 million facility to MariaDB, the company behind the fastest growing Open Source database, to support the company’s next stage of growth and database innovation. This EIB operation is guaranteed under the European Fund for Strategic Investments (EFSI), a key element of the European Commission’s Investment Plan for Europe, aiming at reviving investment in strategic projects around Europe. The EIB funding will be used to further product innovation for MariaDB’s expanding global enterprise client base and increase its sales and marketing teams in Europe, America, and Asia.
The European Investment Bank is the long-term lending institution of the European Union owned by its Member States. It makes long-term finance available for sound investment in order to contribute towards EU policy goals.
MariaDB Server is one of the most popular database servers in the world. It’s made by the original developers of MySQL and open source. MariaDB turns data into structured information in a wide array of applications, ranging from banking to websites.
More information about the transaction can be found in EIB’s press release.
