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Wednesday
26Mar2008

EnterpriseDB raises cash and its open-source profile

By Matt Asay (CNET Blogs)
Good things come in threes, as EnterpriseDB confirmed today. The company today announced that it has raised a $10 million Series C round, including backing from IBM. With $37.5 million in funding to date, EnterpriseDB isn't hurting for cash.
This, however, has not been EnterpriseDB's primary problem. It's not cash that it has lacked, but open-source cachet. Its story of "Oracle performance and interoperability at a fraction of the cost" is a winner, but it was muted by its lack of a compelling open-source story.

http://www.cnet.com/8301-13505_1-9902671-16.html

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