United States: EnterpriseDB gets investment from Red Hat.Byline: Mamta03 Illume Software adds $1M to launch iZUP mobile phone app October 21, 2009 EnterpriseDB Corp., a Westford-based company that provides products and services to support the PostgreSQL open source database, has landed an investment from open source pioneer Red Hat Inc. The two companies did not disclose the amount of the investment. In addition to supplying a version of the open source 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. Linux, North Carolina-based Red Hat also provides products that work with the OS, including JBoss and Postgres Plus, which is EnterpriseDB s distribution of the database software that includes enterprise components, installers and professional documentation. According to officials at both companies, the investment in EnterpriseDB is part of a partnership aimed at increasing enterprise adoption of open source software in the enterprise. 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, said that he shares Red Hat s belief that the database will be the next major area of open source adoption in the enterprise, as companies move away from proprietary products such as Microsoft Corp. s SQL Server. In April, EnterpriseDB entered into a deal with 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) Corp. to embed EnterpriseDB s Postgres Plus Advanced Server technology into IBM s DB2 9.7 database, which allowed applications written for Oracle Inc. s database products to run in DB2. EnterpriseDB was founded in 2004. The privately held company privately held company A firm whose shares are held within a relatively small circle of owners and are not traded publicly. has been backed by 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 strategic partners, including Valhalla Partners, Charles River Ventures, Fidelity Ventures, IBM, 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 and Sony. Copyright : Euclid Infotech Pvt. Ltd. Provided by Syndigate.info an Albawaba.com company |
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