EnterpriseDB Completes Another Exceptional Year
New Customers, Partners, Products, Financing, and Leadership Punctuate 2008
EDISON, N.J., Jan. 28, 2009 - EnterpriseDB, the leading enterprise open source database company, today announced the company's 2008 results, including growth in new customer accounts of more than 50% and comparable bookings growth. Other accomplishments in 2008 included the launch of the Postgres Plus product family, a $16 million Series C financing, two key strategic partnerships, and new company leadership. For more information about EnterpriseDB and free downloads of EnterpriseDB's award-winning Postgres Plus products, visit www.enterprisedb.com.
Innovative New Products and Services
In 2008, EnterpriseDB continued to bring innovative, industry-leading products to market. In March, the company introduced the Postgres Plus product family, which includes Postgres Plus Standard Server and Postgres Plus Advanced Server. The Postgres Plus product family enhances the core PostgreSQL open source offering, adding key components and features demanded by commercial production customers while maintaining tight synchronization with the community project. These enhancements are bundled in a package that is easy to install, integrate, and manage and backed by enterprise-class warranties, indemnification, and 24x7 support.
EnterpriseDB also made a suite of packaged services available, including the Architectural Health Check, Remote DBA, High Availability Setup, Partitioning Setup, and Replication Setup services. Each service implements EnterpriseDB's proven best practices for deploying and maintaining PostgreSQL or Postgres Plus databases.
In early 2008, EnterpriseDB was named one of Linux Magazine's "Top 20 companies to watch in 2008," and LinuxWorld Magazine named EnterpriseDB co-founder Andy Astor one of the "Top leaders in open source business." EnterpriseDB continued to win recognition throughout the year, including a Jolt Productivity Award and a place on the SD Times 100. NJBIZ also named EnterpriseDB the "Emerging Business of the Year."
New Customers and Partners
In 2008, leading organizations selected EnterpriseDB for its world-class services and support and its dedicated focus on PostgreSQL-based solutions. New customers in 2008 included The Los Angeles Times, the second-largest metropolitan newspaper in the United States; hi5 Networks, one of the world's largest social networks and the #1 social network in more than 30 countries; OptionsHouse, LLC, an online stock and option broker delivering high-performance trading services; and Backcountry.com, a global online retailer of performance outdoor adventure gear.
In October, EnterpriseDB announced a partnership with NTT (NYSE: NTT), the largest telecommunications company in Japan, to enhance PostgreSQL and related technologies and to drive the NTT operating companies to adopt PostgreSQL-based solutions. EnterpriseDB also announced a partnership with and strategic investment from IBM (NYSE: IBM). Other key partnerships launched in 2008 included Daou Tech, a leading Korean technology and solutions provider; Talend, a provider of open source data integration software; and Compiere, provider of a leading open source enterprise resource planning (ERP) solution.
Since the company's inception, EnterpriseDB has contributed millions of dollars worth of code, time, advocacy, marketing, and sponsorship to the PostgreSQL open source community. In 2008, EnterpriseDB sponsored significant code contributions, including a high-speed full-text search feature and "Heap-Only Tuples" (HOT), a performance-improving feature that significantly increases the database's performance over long periods of time in update-intensive OLTP applications. The company also played the lead community sponsorship role for NTT's contribution of synchronous replication, a critical new high-availability technology.
$16M Series C Financing
In March, EnterpriseDB announced a $10 million Series C round of venture capital financing, which included a strategic investment from IBM in addition to investments from previous investors Charles River Ventures, Fidelity Ventures, and Valhalla Partners. In October, EnterpriseDB raised an additional $6 million in Series C funds, which included a strategic investment by NTT.
New Company Leadership
Ed Boyajian, formerly vice president and general manager, North American sales, at Red Hat, joined EnterpriseDB as the company's new chief executive officer in June. Boyajian is leading EnterpriseDB into its next phase of growth by driving revenue and building the EnterpriseDB brand. In addition, veteran industry executive Fred Holahan joined EnterpriseDB as vice president of marketing.
"With the launches of a new product family and a suite of packaged services, new financing and leadership, and continued industry recognition, 2008 was a year of many milestones," said Boyajian. "Given the current economic challenges and the increasing acceptance of open source databases, I expect to see even greater success for EnterpriseDB in 2009 and beyond."
EnterpriseDB is the leading provider of enterprise-class products and services based on PostgreSQL, the world's most advanced open source database. The company's Postgres Plus products are ideally suited for transaction-intensive applications requiring superior performance, massive scalability, and compatibility with proprietary database products. EnterpriseDB has offices in North America, Europe, and Asia. The company was founded in 2004 and is headquartered in Edison, N.J. For more information, please call +1-732-331-1300 or visit www.enterprisedb.com.
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EnterpriseDB and Postgres Plus are trademarks of EnterpriseDB Corporation. Other names may be trademarks of their respective owners.
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