EnterpriseDB Raises $10 Million in Series C Financing
IBM Joins Existing Investors Fidelity Ventures, Charles River Ventures, and Valhalla Partners
SAN FRANCISCO, OPEN SOURCE BUSINESS CONFERENCE, Mar. 25, 2008 - Today at the Open Source Business Conference, EnterpriseDB announced that it has closed a $10 million round of Series C venture capital financing. The investors included Charles River Ventures, Fidelity Ventures, Valhalla Partners and IBM (NYSE: IBM). To date, EnterpriseDB has raised a total of $37.5 million. The new funds will be used to continue development of the company's award-winning PostgreSQL-based databases.
EnterpriseDB is the world's 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 lightning-fast, massively scalable, and extremely reliable, making them ideal for high-volume, mission-critical applications.
Today's announcement builds upon EnterpriseDB's existing partnership with IBM, which includes the recent release of EnterpriseDB Advanced Server 8.2 for Linux on IBM System z mainframes, as well as the availability of EnterpriseDB Advanced Server for AIX on IBM System p servers.
"Global organizations of all sizes rely upon open source technologies to free information from proprietary silos and use it in innovative ways across their businesses," said Inna Kuznetsova, director, IBM Linux Strategy. "IBM has a long history of supporting open source initiatives, including Linux, Apache, and Eclipse, and this investment is another example of IBM's long-standing commitment to open standards."
"This latest round of investment in EnterpriseDB is an acknowledgement of our business model, technical innovation, and emergence as a leading force in the PostgreSQL community, including our work in the areas of database compatibility and performance," said Andy Astor, chief executive officer, EnterpriseDB.
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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