EnterpriseDB records 70% increase in Software Subscription Revenue

21st February 2014 | By Mouseworld Now Correspondent |

 

EnterpriseDB-logoPune, India- February 18, 2014: EnterpriseDB (EDB), a leading provider of enterprise-class Postgres products and Oracle database compatibility solutions, has clocked a 70 percent increase in its software subscription revenue in 2013. The year capped 16 consecutive quarters of growth in subscription revenue as global enterprises continued to expand their deployments of Postgres to contain or reduce spending on more costly, traditional database vendors.

Deepening relationships with existing users, growth in new subscriptions, expanded relationships with independent software vendors and partners, and revenue growth in the cloud played a role in EDB’s record revenue growth. EDB added more than 400 customers in 2013 and the ranks now exceed 2,400. The prevalence of larger enterprises adopting EDB proves that larger enterprises continue to expand their success with open source software in the data center to drive down costs. This is an important trend, with companies looking further up the infrastructure software stack to the database layer for opportunities to leverage open source.

EDB counts among its customers 50 of the Fortune 500 list of the largest US companies and 98 of the Forbes Global 2000 list of the largest companies in the world. EDB’s customers worldwide now include ABN AMRO Bank, Grupo BBVA, Deutsche Börse AG, Ericsson, Fujitsu, KT Corp., Lockheed Martin, McKesson Corp., Nippon Telegraph & Telephone (NTT), RSA Security and the Alaska Department of Health and Social Services.

“Revenue figures tell our story for us. We’ve had 16 consecutive quarters of growth during some tough years for the global economy,” said Ed Boyajian, CEO and President of EnterpriseDB. “EnterpriseDB is celebrating its 10th year in business this year and with that comes the proven track record, experience and expertise that global organizations recognize and value in a strategic database solution provider. That same ability to deliver won us recognition this past year from Gartner as the only relational database in the Challenger quadrant in the Magic Quadrant for Operational Database Management Systems.”

“Our customers are looking to expand their open ecosystems to support more demanding and more complex workloads. The strength and reliability of EDB’s Postgres Plus Advanced Server, combined with our Linux-based HP ProLiant and HP-UX-based Integrity offerings, provide data-driven enterprises with a powerful open solution to alternative platforms,” said Vineeth Ram, VP Product Marketing, HP Servers.

“We are always pleased to see Red Hat partners deliver powerful open source solutions to the enterprise, especially long-time members of the Red Hat ecosystem like EnterpriseDB. Red Hat and EnterpriseDB joint customers can benefit from the performance gains, cost savings and enterprise-class support provided by the partner certified and supported solution,” said Mike Werner, Sr. Director, Global Technology Programs, Red Hat.

“We’ve witnessed a dramatic increase in performance with Postgres Plus Advanced Server version 9.3 when inserting massive amounts of data into partitioned tables. With this new feature, we were able to easily and successfully deploy a real-time signal acquisition project that would have been a significant challenge using another technology,” said Juan Alberto Cuadros, Competence Center Manager, Indra, a global technology solutions provider based in Madrid.

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