EnterpriseDB Receives investment from KT; Raises Venture Capital from TransLink Capital
Published On August 31, 2010 |
EnterpriseDB, a Westford, Mass-based company provider of products, services, support and training based on the PostgreSQL open source database, has received a strategic investment from KT and has raised venture capital funding from TransLink Capital.
The new funding will enable the company to expand its product and marketing operations.
In conjunction with the investment, TransLink Capital’s Co-founder and Managing Director Jay Eum has joined EnterpriseDB’s board of directors.
KT and TransLink Capital have joined existing company’s funding partners including Valhalla Partners, Charles River Ventures, Volition Capital (formerly Fidelity Ventures), IBM, NTT, Red Hat and Sony.
Using PostgreSQL at the core of its products, the company allows enterprise customers to deliver the economies and freedom of open source. Our database compatibility enhancements to PostgreSQL enable seamless migrations from Oracle that save up to 90% of the cost of typical migrations, and our comprehensive training, professional services, and 24×7 “follow the sun” support programs deliver the solutions required by contemporary global enterprises.
EnterpriseDB recently announced the availability of the latest version of its flagship product, Postgres Plus Advanced Server 8.4., which helps IT organizations manage transaction-intensive applications requiring superior performance, massive scalability and compatibility with proprietary database products to reduce overall database costs.
Customers worldwide include Sony, FTD, hi5 Networks, Vonage, McKesson, TD Ameritrade and Backcountry.com, among others.
Founded in 2004, the company also operates offices in North America, Europe and Asia.