Continuent Achieves Substantial Growth in 2005; Growth Fueled by Launch of Industry's First Open Source Database Virtualization Solution.EMERYVILLE, Calif. -- Continuent, the leading provider of commercial open source middleware solutions for database high availability Also called "RAS" (reliability, availability, serviceability) or "fault resilient," it refers to a multiprocessing system that can quickly recover from a failure. There may be a minute or two of downtime while one system switches over to another, but processing will continue. , today announced that the company achieved record growth in 2005. Significant milestones include: --The launch of the industry's first database independent virtualization technology See VT. See also virtualization. ; --Establishing the company as a significant open source player with commercial open source solutions and a product line designed to work with all major databases in any enterprise environment; --The launch of Continuent.org, a new open source portal and community dedicated to database high availability and scalability; and --The close of a Series B venture capital funding. In 2005, Continuent tripled its customer and partner engagements and experienced more than 100 percent revenue growth. "As data availability Refers to the degree to which data can be instantly accessed. The term is mostly associated with service levels that are set up either by the internal IT organization or that may be guaranteed by a third party datacenter or storage provider. increasingly becomes the lifeblood life·blood n. 1. Blood regarded as essential for life. 2. An indispensable or vital part: Capable workers are the lifeblood of the business. of success for enterprises, the need for solutions that provide business continuity and scalability has become essential," said Eero Teerikorpi, CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. of Continuent. "Continuent's growth in 2005 is a result of its ability to meet the demands of enterprises by providing highly sophisticated solutions that can operate in any database environment." Continuent's new, open-source based solutions, launched in November 2005, works with all major databases and reflects the company's evolution from a provider of proprietary high availability services for a limited market to a provider of open source solutions for any enterprise environment. Continuent delivers these services through the industry's first database virtualization technology, which abstracts databases and presents them as one virtualized database to an application. Continuent completed its Series B round of venture capital funding in 2005. Led by investment firms Trident Capital, Nordic Venture Partners and Ledstiernan, the round brought Continuent's total equity investment to $15.75 million. Continuent also launched last year Continuent.org, an open source portal and community dedicated to high availability and scalability services for databases and other closely related technologies. Continuent.org aims to provide a deep framework for solving the issues of high availability and scalability often associated with databases that can be used in a heterogeneous database environment or tailored to a specific database. Continuent.org is currently backed by a team of twelve full-time engineers whose mission is to create industrial quality open source technology. 2005 also saw Continuent membership in the MySQL(R) Network Certified Partner program as a MySQL Gold Partner and in ObjectWeb, a consortium of companies and research organizations producing next-generation open source middleware. These affiliations further solidified Continuent's commitment to furthering the proliferation of open source in the enterprise. About Continuent Continuent ensures business continuity for the enterprise. With flexible solutions that deliver data availability and scalability, Continuent guarantees customers' peace of mind and lets them focus on running a successful business. Continuent's industry breakthrough middleware works with all major databases, including MySQL, PostgreSQL(R), Sybase(R), Microsoft(R) SQL Server An earlier relational DBMS from Sybase and from Microsoft. Sybase introduced SQL Server in 1988 for various Unix versions. In that same year, with help from IBM, Sybase created an OS/2 version that Microsoft licensed and branded as Microsoft SQL Server. , Oracle and IBM (International Business Machines Corporation, Armonk, NY, www.ibm.com) The world's largest computer company. IBM's product lines include the S/390 mainframes (zSeries), AS/400 midrange business systems (iSeries), RS/6000 workstations and servers (pSeries), Intel-based servers (xSeries) (R) DB2(R). Through the use of database virtualization technology, Continuent solutions even support heterogeneous database environments. Continuent products are compatible with a wide variety of hardware, operating system operating system (OS) Software that controls the operation of a computer, directs the input and output of data, keeps track of files, and controls the processing of computer programs. and application environments. Continuent is headquartered in Emeryville, CA, with research labs in France and Finland. For more information, please visit www.continuent.com. MySQL is a registered trademark of MySQL AB MySQL AB (founded 1995) is dual headquartered in Uppsala Sweden and Cupertino California USA. The company is the creator and owner of MySQL, a relational database management system. in the USA and other countries. PostgreSQL is a registered trademark of PostgreSQL Global Development Group. Microsoft is a registered trademark of Microsoft Corporation (company) Microsoft Corporation - The biggest supplier of operating systems and other software for IBM PC compatibles. Software products include MS-DOS, Microsoft Windows, Windows NT, Microsoft Access, LAN Manager, MS Client, SQL Server, Open Data Base Connectivity (ODBC), MS Mail, . Sybase is a registered trademark of Sybase, Inc. Oracle is a registered trademark of Oracle. IBM and DB2 are registered trademarks of IBM in the United States United States, officially United States of America, republic (2005 est. pop. 295,734,000), 3,539,227 sq mi (9,166,598 sq km), North America. The United States is the world's third largest country in population and the fourth largest country in area. . Other products mentioned may be trademarks of their respective corporations. |
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