Peak Equity Partners, Milestone Partners and NewSpring Capital will support EDB’s aggressive expansion plan
EnterpriseDB (EDB), the leading worldwide provider of enterprise-class Postgres products and database compatibility solutions, today announced the company has partnered with a new investor team to fund an aggressive expansion plan.
The financing was sourced by enterprise software investment specialist Peak Equity Partners and co-led with Milestone Partners and NewSpring Capital. Specific terms of the transaction were not disclosed. EDB will use the proceeds to expand operations worldwide.
“The investor group will bring significant additional resources to help fuel our growth,” said Ed Boyajian, CEO of EnterpriseDB. “EDB is in an even stronger position now to expand and meet the needs of organizations seeking to reap the performance and cost benefits of Postgres.”
“We believe Postgres’ superior technology and open source value will be a huge disruptor of the database market,” said Greg Case, co-founder and Managing Partner at Peak Equity Partners.
“Enterprises and governments worldwide are turning to Postgres to run their mission-critical applications with significantly greater flexibility and dramatically lower costs than commercial alternatives,” said Eric Jensen, Principal at NewSpring Capital. “EnterpriseDB is leading this change as the recognized leader for Postgres products and services worldwide.”
Demand for Postgres is soaring worldwide and EnterpriseDB has been recognized for its leadership position in the market as the premier Postgres product and solution provider. Gartner positioned EnterpriseDB in the Leaders Quadrant in the Gartner report, Magic Quadrant for Operational Database Management Systems*. The position landed EnterpriseDB alongside the largest traditional database vendors.
*The Gartner report, Magic Quadrant for Operational Database Management Systems, by Donald Feinberg, Merv Adrian and Nick Heudecker, was published October 16, 2014.
EnterpriseDB and Postgres Plus Advanced Server are registered trademarks of EnterpriseDB. All other company or product names may be trademarks of their respective owners.
About EnterpriseDB Corporation
EnterpriseDB is the largest worldwide provider of Postgres software and services that enable enterprises to reduce their reliance on costly proprietary solutions and slash their database spend by 90% or more. With powerful performance and security enhancements for PostgreSQL, sophisticated management tools for global deployments and database compatibility for Oracle, EnterpriseDB software supports both mission and non-mission critical enterprise applications. More than 2,700 enterprises, governments and other organizations worldwide use EnterpriseDB software, support, training and professional services to integrate open source software into their existing data infrastructures. Based in Bedford, MA, EnterpriseDB is backed by strategic private investors.