EnterpriseDB, which provides products, services, support and training based on the PostgreSQL open source database project, has received a strategic investment from KT (formerly Korea Telecom) and has accepted venture capital funding from new investment partner TransLink Capital. EnterpriseDB says the new funding will enable it to expand its product and marketing operations to capitalize on the upheaval in the database market caused by consolidation and an enterprise platform shift to virtualized and cloud infrastructure.
"In the past year, EnterpriseDB, the PostgreSQL market and community have all undergone unprecedented growth and transformation," says Ed Boyajian, president and CEO of EnterpriseDB. "With the recent funding from KT and TransLink Capital, EnterpriseDB is ideally positioned to take advantage of the accelerating market opportunity for enterprise-class PostgreSQL solutions that free customers from oppressive costs driven by traditional database vendor lock-in. The platform shift to virtualized infrastructure and public or private clouds is also a major catalyst for change in old database strategies."
KT and TransLink Capital join a list of EnterpriseDB funding partners that includes Valhalla Partners, Charles River Ventures, Volition Capital (formerly Fidelity Ventures), IBM, NTT, Red Hat and Sony. For more information about EnterpriseDB, go here.