IBM Backs EnterpriseDB

EnterpriseDB Corp., an Edison, N.J.-based developer of open-source enterprise database products, has raised $10 million in Series C funding. IBM was joined by return backers Charles River Ventures, Fidelity Ventures and Valhalla Partners. The company had previously raised $26.5 million.

PRESS RELEASE
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.

About EnterpriseDB Corporation

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. EnterpriseDB has offices throughout North America, Europe, and Asia. The company was founded in March 2004 and is headquartered in Edison, N.J. For more information, please contact +1-732-331-1300 or visit www.enterprisedb.com .

EnterpriseDB, GridSQL, Postgres Plus, and Postgres Plus Advanced Server are trademarks of EnterpriseDB Corporation. Other names may be trademarks of their respective owners.