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Meridian Bidco LLC, an Affiliate of K1, to Acquire MariaDB plc for $0.55 per Share

PUBLIC · KDApr 24, 2024

Acquiring Company

Kyndryl

Acquired Company

MariaDB plc

New YorkMenlo ParkInformation TechnologyFinancial ServicesEventsData CenterIT InfrastructureInformation TechnologySoftwareinformation technology & services

Description

K1 Investment Management, LLC through its Affiliate, Meridian Bidco LLC, has announced a recommended cash offer to acquire the entire issued and to be issued share capital of MariaDB plc at $0.55 per share. This strategic move aims to drive further growth and innovation in the database management space.

Quick answer

Kyndryl is acquiring MariaDB plc, announced April 24, 2024. Kyndryl is based in New York, New York, United States.

How much did Kyndryl pay for MariaDB plc?
The deal value was not disclosed.
What does Kyndryl do?
Kyndryl (NYSE: KD) is the world's largest IT infrastructure services provider, serving thousands of enterprise customers in more than 60 countries.
Where are Kyndryl and MariaDB plc based?
Kyndryl is based in New York, New York, United States. MariaDB plc is based in Menlo Park, California, United States.
Who are the decision-makers at Kyndryl?
Fundz holds 4 contacts at Kyndryl. Names and contact details are shown to Fundz members.

Source: Fundz verified event record.

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Company Information

Company

Kyndryl

Location

1 Vanderbilt Ave

New York, New York, United States

About

Kyndryl (NYSE: KD) is the world's largest IT infrastructure services provider, serving thousands of enterprise customers in more than 60 countries. The company designs, builds, manages and modernizes the complex, mission-critical information systems that the world depends on every day. For more information, visit www.kyndryl.com. This press release contains "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. Such forward-looking statements often contain words such as "will," "anticipate," "predict," "project," "plan," "forecast," "estimate," "expect," "intend," "target," "may," "should," "would," "could," "outlook" and other similar words or expressions or the negative thereof or other variations thereon. All statements, other than statements of historical fact, including without limitation statements representing management's beliefs about future events, transactions, strategies, operations and financial results, may be forward-looking statements. These statements do not guarantee future performance and speak only as of the date of this press release and the Company does not undertake to update its forward-looking statements. Actual outcomes or results may differ materially from those suggested by forward-looking statements as a result of risks and uncertainties including those described in the "Risk Factors" section of the Company's most recent Annual Report on Form 10-K filed with the Securities and Exchange Commission.

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Frequently asked

Who acquired MariaDB plc?

MariaDB plc was acquired by Kyndryl, based in New York. The deal was reported on April 24, 2024. Kyndryl (NYSE: KD) is the world's largest IT infrastructure services provider, serving thousands of enterprise customers in more than 60 countries. Kyndryl is publicly traded (KD) and operates in Information Technology.

When did Kyndryl acquire MariaDB plc?

Kyndryl's acquisition of MariaDB plc was reported on April 24, 2024. K1 Investment Management, LLC through its Affiliate, Meridian Bidco LLC, has announced a recommended cash offer to acquire the entire issued and to be issued share capital of MariaDB plc at $0.55 per share. Fundz records the date the transaction was first publicly reported, sourced from filings and company announcements.

What does MariaDB plc do?

MariaDB plc is a global open-source database software company. It provides enterprise solutions for both transactional and analytical workloads, on-premise or in the cloud. It is privately held, operating in Information Technology, and is based in Menlo Park.

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