MapR Technologies Inc. has extended its deadline to July 3 to secure new funding or find a buyer. The company had previously said it would ācease operations and close the Santa Clara headquartersā by June 14 if it couldnāt raise funds.
In a statement today, MapR said it ācontinues to work diligently on a strategic transaction for continued operationsā and that it is ācontinuing to engage customers in new opportunities and supporting existing customers and partners globallyā in the meantime. It had previously said it was in negotiations with two potential investors. The company reported the extension under Californiaās Worker Adjustment and Retraining Notification laws, which requires businesses to give affected employees and government agencies notice in advance of a plant closing or mass layoff.
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