EnterpriseDB Receives Strategic Investment from KT and New VC Funding from TransLink Capital.Jay Eum of TransLink Capital added to EnterpriseDB's Board of Directors WESTFORD, Mass. -- EnterpriseDB, the Enterprise PostgreSQL Company, today announced that it has received a strategic investment from KT (formerly Korea Telecom KT (formerly, Korea Telecom, Korean: 한국통신, NYSE: KT) is South Korea's top integrated wired/wireless telecommunication service provider. KT has been Korea's leader in the development of the information & communications business for the last 25 years ) and has accepted venture capital funding from new investment partner TransLink Capital. The new funding will enable EnterpriseDB to expand its product and marketing operations to capitalize on Cap´i`tal`ize on` v. t. 1. To turn (an opportunity) to one's advantage; to take advantage of (a situation); to profit from; as, to capitalize on an opponent's mistakes s>. the upheaval in the database market caused by consolidation and an enterprise platform shift to virtualized and cloud infrastructure. As a result of its recent investment, TransLink Capital's Co-founder and Managing Director Jay Eum has joined EnterpriseDB's Board of Directors. At TransLink Capital, Eum is responsible for the firm's investments in Carbonite, Melodis and XSigo. Previously, he launched the U.S. operations for Samsung Venture Investment Corporation and served as an investment officer with Vertex Management. He holds a master's degree in business administration from Stanford University Stanford University, at Stanford, Calif.; coeducational; chartered 1885, opened 1891 as Leland Stanford Junior Univ. (still the legal name). The original campus was designed by Frederick Law Olmsted. David Starr Jordan was its first president. and a master's of science degree in biochemistry and a bachelor's of science degree in chemistry from Seoul National University. "When making investments, we look for companies that have a proven track record of success and a unique market opportunity, especially in Asia. EnterpriseDB certainly has both," said Jay Eum, co-founder and managing director at TransLink Capital. "The company has built its products on a proven technology and is in a very strong market position as the only true open source alternative to large, expensive proprietary database vendors. The upside for EnterpriseDB is tremendous." EnterpriseDB, which provides products, services, support and training based on the PostgreSQL open source database project, recently announced the availability of the latest version of its flagship product, Postgres Plus Advanced Server 8.4. In this latest version, EnterpriseDB further advanced the Postgres Plus database with a number of enterprise-class enhancements such as the inclusion of its sixth-generation Oracle compatibility layer. "We've decided to partner with EnterpriseDB because we share its mission of promoting open source and PostgreSQL solutions that provide freedom from high priced vendor lock-in," said Sang-Hong Lee, executive vice president, Technology Strategy Office of KT. "EnterpriseDB has proven its commitment to providing the market with the most advanced and feature-rich open source-based database solutions." KT and TransLink Capital join an already impressive list of EnterpriseDB funding partners that includes leading venture capital firms Name Location Founding date Managing Partners/Directors Specialty Capital managed 5AM Ventures Menlo Park, CA; Waltham, MA 2002 John Diekman, PhD (managing partner), Scott Rocklage, PhD (managing partner), Andrew Schwab (managing partner) life sciences $200M [1] and technology companies such as Valhalla Partners, Charles River Ventures, Volition vo·li·tion n. 1. The act or an instance of making a conscious choice or decision. 2. A conscious choice or decision. 3. The power or faculty of choosing; the will. Capital (formerly Fidelity Ventures), 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) , NTT NTT Nippon Telegraph and Telephone Corporation NTT New Technology Telescope NTT National Technology Transfer, Inc NTT Name That Tune (TV game show) NTT National Tree Trust NTT Number Theoretic Transform , Red Hat and Sony. "In the past year, EnterpriseDB, the PostgreSQL market and community have all undergone unprecedented growth and transformation," said Ed Boyajian, president and 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 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." About TransLink Capital TransLink Capital is a Palo Alto-based venture capital firm focused on early expansion stage startups in information technology. The TransLink team consists of experienced investors with deep connections with many of the leading early adopter customers in Japan, Korea, and Greater China. Our investment strategy is to partner with top-tier VC firms on early-stage companies where we can demonstrate our value add by successfully closing Asian strategic partnerships and investing the subsequent rounds. For more information about TransLink Capital, please visit http://www.translinkcapital.com. About KT KT (formerly Korea Telecom) is a prominent South Korean integrated wired/wireless telecommunication service provider. KT has an information & communications business, and has the largest portion of the South Korean local telephone and high-speed Internet business. KT successfully merged with KTF KTF Korea Telecom Freetel KTF Keep The Faith KTF Keeping the Faith KTF Kauai Test Facility (Sandia National Laboratories, US) KTF Kemisk-Tekniska Leverantörförbundet (Swedish union of chemical technical suppliers) , a mobile telecommunications company in mid-2009. About EnterpriseDB Corporation EnterpriseDB, the Enterprise PostgreSQL Company, provides enterprise-class PostgreSQL products and PostgreSQL services to help IT organizations be successful with the world's most advanced open source database. The company's Postgres Plus products are ideally suited for transaction-intensive applications requiring superior performance, massive scalability and compatibility with proprietary database products to reduce overall database costs. EnterpriseDB has offices in North America, Europe and Asia. The company was founded in 2004 and is headquartered in Westford, Mass. For more information, please call +1-978-589-5700, or visit www.enterprisedb.com. EnterpriseDB and Postgres Plus are trademarks of EnterpriseDB Corporation. Other names may be trademarks of their respective owners. |
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