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Company News : EnterpriseDB Looks for Growth With New Investors
on 2014/12/22 9:38:42 (597 reads)
Company News

EnterpriseDB (EDB), a worldwide provider of enterprise-class Postgres products and database compatibility solutions, today announced the company has partnered with a new investor team to fund an aggressive expansion plan. The financing was sourced by enterprise software investment specialist Peak Equity Partners and co-led with Milestone Partners and NewSpring Capital. Specific terms of the transaction were not disclosed. EDB will use the proceeds to expand operations worldwide.

"The investor group will bring significant additional resources to help fuel our growth," said Ed Boyajian, CEO of EnterpriseDB. "EDB is in an even stronger position now to expand and meet the needs of organizations seeking to reap the performance and cost benefits of Postgres." "We believe Postgres' superior technology and open source value will be a huge disruptor of the database market," said Greg Case, co-founder and Managing Partner at Peak Equity Partners.

"Enterprises and governments worldwide are turning to Postgres to run their mission-critical applications with significantly greater flexibility and dramatically lower costs than commercial alternatives," said Eric Jensen, Principal at NewSpring Capital. "EnterpriseDB is leading this change as the recognized leader for Postgres products and services worldwide."

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