EnterpriseDB has been acquired by Great Hill Partners, a private equity firm. Financial terms of the private transaction were not disclosed.
EnterpriseDB is a developer of Postgres software for the enterprise which is used by companies to handle large-scale transaction processing, customer analytics, data warehousing, and web-based applications. The company’s portfolio provides multi-cloud and on-premise Postgres performance, scalability, security, management tools, and offers Oracle database compatibility.
According to EnterpriseDB, the company has been growing rapidly and has experienced 37 consecutive quarters of subscription growth.
"This acquisition comes at a time when the Postgres market is exploding," said Ed Boyajian, president and CEO of EnterpriseDB. "With the team at Great Hill, we've got a partner that can help us accelerate our growth by delivering new services and technological innovation to the Postgres user community."
Expanding on their 10-year relationship together, Catalyst Investors invested alongside Great Hill Partners with partner Todd Clapp joining the board of directors and stating, "EnterpriseDB's leadership in the Postgres community positions it to capture tremendous market share as enterprises continue to migrate away from legacy, proprietary databases in favor of open source."
Michael Stonebraker, a pioneer in database technology and original architect of what is now Postgres, has been named technical advisor; and database expert and entrepreneur Andy Palmer has been named to the board of directors.
EnterpriseDB is based in Bedford, MA. For more information, visit www.EnterpriseDB.com.