EnterpriseDB: Open Source Database Attracts More Funding

EnterpriseDB, which provides enterprise-level open source PostgreSQL database services, has announced its completed a round of funding, adding KT (formerly Korea Telecom) and TransLink Capital to its list of investors. Here’s the story.

While the company didn’t disclose the financial terms of the investments, EnterpriseDB’s press release says that TransLink Capital co-founder Jay Eum has joined their Board of Directors. At TransLink, Eum is also responsible for managing investments in companies like Carbonite and XSigo, so he has experience in the IT space.

Meanwhile, KT, which provided a “strategic investment” rather than full VC funding, says that they were interested in EnterpriseDB for their dedication to the open source philosophy.

“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, in a prepared statement.

With veterans like MySQL’s Karen Tegan Padir on their team, and with companies like IBM and Red Hat investing in its future, EnterpriseDB remains one of the most intriguing open source companies to watch in the second half of 2010.

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