EnterpriseDB Closes $20 Million Financing

Date -2006-08-01

Fidelity Ventures Leads Series B Investment in Enterprise-Class Open Source Database Company

ISELIN, N.J., Aug. 1, 2006 — EnterpriseDB, the world’s leading enterprise-class, open source database company, announced today that it has closed a combined $20 million debt and equity financing. A $16.5 million Series B venture capital financing was led by Fidelity Ventures, a leading provider of “Go-to-Market CapitalSM“ to early-stage information technology and communications companies. Previous investors Charles River Ventures and Valhalla Partners also participated in the Series B round. In addition, EnterpriseDB announced that Comerica Bank has extended a $3.5 million line of credit to the company. To date, EnterpriseDB has raised a total of $28.5 million. The new funds will be used to expand the company’s sales and marketing capabilities throughout the world and to continue development of EnterpriseDB Advanced Server, the company’s flagship RDBMS product.

In connection with the investment, Dave Power, a partner at Fidelity Ventures who focuses on investment opportunities in enterprise technologies, will become a member of EnterpriseDB’s board of directors. Power also serves on the boards of leading enterprise open source companies Black Duck Software and SpikeSource.

“Fidelity Ventures invests in companies that have the potential to transform large markets and become category leaders. EnterpriseDB, which combines the advantages of open source software with the ability to run applications written for Oracle, is disrupting the $13 billion enterprise database market,“ said Power. “We see striking parallels here to Linux, an open source offering that runs applications written for Unix. We’re looking forward to working with the team at EnterpriseDB to capture the huge opportunity in front of them.“

“Fidelity Ventures has an outstanding track record of helping their portfolio companies to succeed,“ said Andy Astor, chief executive officer of EnterpriseDB. “Their investment is a gratifying endorsement of our previous efforts and our vision, and we are looking forward to working closely with them to leverage their expertise, resources and relationships to accelerate our growth.“

About Fidelity Ventures

For over 35 years Fidelity Ventures has played a vital role in the development of more than 100 information technology and communications companies including GeoTel Communications, Teleport, COLT Telecom, ONI Systems, WaveSmith, Connected and Airespace. Fidelity Ventures is able to leverage a unique combination of resources, including a global network of CIOs and IT executives, to help portfolio companies accelerate their market entrance at one of the most critical times in a company’s life cycle: the Go-to-Market stage. A traditional fund-based venture firm focused on financial returns, Fidelity Ventures currently manages more than $800 million in venture capital, and invests in U.S.-based companies out of its Boston office, and in European companies out of its London office. For more information, visit www.fidelityventures.com.

About EnterpriseDB Corporation

EnterpriseDB develops and supports EnterpriseDB Advanced Server, an enterprise-class relational database management system (RDBMS) that is built on PostgreSQL, the world’s most advanced open source database. EnterpriseDB Advanced Server is compatible with Oracle applications, has the reliability and scalability necessary for high-volume, mission-critical enterprise use, and is very affordable. EnterpriseDB has offices in the U.S., Europe, and Asia and is the world’s leading provider of enterprise-class PostgreSQL-based products and services. EnterpriseDB was founded in March, 2004, and is headquartered in Iselin, N.J. For more information, please contact +1-732-331-1300 or visit www.enterprisedb.com.

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Christian Danella
Prequent, Inc. (for EnterpriseDB Corporation)
+1-408-993-2269 office
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