Technology -> Data Management
Released: 18th February 2014
Expanding deployments of Postgres among global enterprises and ISVs helped drive record subscription sales growth
London, UK – February 18, 2014 – EnterpriseDB (EDB), the leading worldwide provider of enterprise-class Postgres products and Oracle database compatibility solutions, today announced a record 70 percent increase in 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 all played a role in EDB’s record year. 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 organisations recognise 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.”
Published by: electronicdawn Ltd.