IBM invests into EnterpriseDB
EnterpriseDB, a database management system (DBMS) developer, reported an attraction of extra-budgetary development resources. EnterpriseDB was founded in March 2004. The company is based in New Jersey (USA), with representation offices in Europe and Asia. EnterpriseDB develops products on the basis of freeware BDMS PostgreSQL and positions its solutions as the alternative to the products of well-known companies, and Oracle in particular. As it is stated in the press release, EnterpriseDB obtained 10 million dollars of financial support. The investors were IBM Corporation as well as Charles River Ventures, Fidelity Ventures and Valhalla Partners venture funds.
As of today EnterpriseDB obtained from the investors the total of almost 38 million dollars. EnterpriseDB intends to allocate the investment for further extension of functionality of its software and for marketing purposes. At the same time, EnterpriseDB declared the release of two new DBMS programs: Postgres Plus and Postgres Plus Advanced Server. Both the solutions are built on the basis of PostgreSQL 8.3, a Database Management System characterized by high productivity and extended means of administration.
No Comments »
Filed under: News, Software Development