IBM Takes Stake in Open Source Database Vendor

Slashdot It! For more than a decade, PostgreSQL has been a cornerstone of the open source database market. In recent years, EnterpriseDB has emerged as a leading vendor supporting and driving PostgreSQL forward. It will now continue its efforts thanks in part from a little help from IBM (NYSE: IBM). EnterpriseDB is also re-branding and expanding its PostgreSQL efforts to take even more direct aim at its rival MySQL on the open source side and Oracle on the proprietary side. IBM is joining EnterpriseDB's C round of venture financing which in total raises $10 million for the open source database vendor. Andy Astor, CEO of EnterpriseDB, noted that IBM's was one of four groups participating (including Charles River Ventures, Fidelity Ventures, Valhalla Partners) in this current financing round. To date, EnterpriseDB has raised $37.5 million in venture financing. Astor told InternetNews.com that IBM called EnterpriseDB and the discussions went from there. Astor added that the discussions with IBM pre-dated the $1 billion acquisition of MySQL by Sun (NASDAQ: JAVA) earlier this year. Via Internet News Get Daily Updates via Email Protect your computer with Windows Onecare Get paid $7.50 for reviewing my post