SAN JOSE, Calif.--(BUSINESS WIRE)--MapR Technologies Inc., provider of the top-ranked distribution for Apache™ Hadoop® that integrates web-scale enterprise storage and real-time database capabilities, announced today record bookings in Q3. This record quarter for MapR was underpinned by year-over-year increases in bookings of 160% and average expansion deal size of over 200%, and low customer churn. In addition, MapR announced the appointment of President and COO Matt Mills, and the introduction of the industry’s first in-Hadoop document database with native JSON support.
“Customers continue to realize top-line revenue growth and operational efficiencies from their data-driven applications,” said John Schroeder, cofounder and CEO, MapR Technologies. “Our laser focus on customers, together with continued technology innovations and a proven business model, has continued to propel our growth and success.”
Customers continue to expand their big data initiatives to meet increasingly demanding production needs by leveraging the MapR data platform. For Q3, increased usage of MapR by its customers resulted in a 157% year-over-year expansion rate*.
“I’m impressed with the high-quality relationships MapR forms with customers,” said Matt Mills, president and COO of MapR Technologies. “The incredible customer expansion rate and, most impressively, only a 1% dollar-based customer churn are a reflection of the high level of satisfaction and success enjoyed by our customers.”
MapR customers are achieving immediate analytic and operational value from a wide range of applications in production, including the following individual examples by industry:
- Financial Services: Identifying fraud across more than $1 trillion in annual credit card charges;
- Retail: Adding over $1 billion in revenue;
- Security: Uncovering data breaches in minutes instead of hundreds of days;
- Government: Managing over 900 million biometric profiles and supporting over 100 million daily authentications; and
- Telecom: Monitoring billions of events every day for cloud-based security analytics.
Comcast, Credit Agricole, Experian, IRI, Novartis, National Institutes of Health, NTT, Samsung and Valence Health are among the other customers also benefiting from production deployments of MapR.
Helping to close the big data skills gap, MapR continues to grow its free Hadoop On-Demand Training program with over 45,000 professionals currently enrolled worldwide. These courses provide the same level of depth and content as instructor-led training, with hands-on exercises, labs and quizzes that ensure an engaging and interactive experience for data professionals. MapR recently added its first free Apache Spark course, Apache Spark Essentials, as part of a new series.
In Q3, MapR also extended its strategic partnerships, announcing the MapR Distribution in Amazon Web Services (AWS) Marketplace, in addition to being available on Amazon EMR, Microsoft Azure and Google Cloud Platform–providing MapR customers more options to execute big data projects in the cloud.
Additionally, MapR expanded support with SAS to allow joint customers to cost-effectively grow their big data storage infrastructure without relying on storage area network (SAN) or network-attached storage (NAS).
MapR continues to hire worldwide and has expanded its global presence in the quarter with an APAC headquarter office in Singapore and an additional regional office in New York City.
*Year-over-year expansion rate is based on customers that existed a year ago, and calculated by comparing bookings in last four quarters from such customers compared to bookings in the comparable prior year period.
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About MapR Technologies
MapR provides the industry's only big data platform that combines the processing power of the top-ranked Hadoop with web-scale enterprise storage and real-time database capabilities, enabling customers to harness the enormous power of their data. Organizations with the most demanding production needs, including sub-second response for fraud prevention, secure and highly available data-driven insights for better healthcare, petabyte analysis for threat detection, and integrated operational and analytic processing for improved customer experiences, run on MapR. A majority of customers achieve payback in fewer than 12 months and realize greater than 5X ROI. MapR ensures customer success through world-class professional services and with free on-demand training that 45,000 developers, data analysts and administrators have used to close the big data skills gap. Amazon, Cisco, Google, HP, Microsoft, SAP, and Teradata are part of the worldwide MapR partner ecosystem. Investors include Google Capital, Lightspeed Venture Partners, Mayfield Fund, NEA, Qualcomm Ventures and Redpoint Ventures.