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EnterpriseDB goes private

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With hobby in PostgreSQL exploding, EnterpriseDB has selected the non-public fairness path to extend its trade. The corporate is being bought by means of Boston-area PE company Nice Hill Companions, with current EnterpriseDB funding company Catalyst Traders holding a minority stake. The deal was once introduced on the corporate’s annual person convention nowadays, an tournament the place serial database inventor, Turing Award winner, and MIT Professor Dr. Michael Stonebraker gave a keynote wealthy with database historical past.

And as a part of that historical past, the corporate introduced that Stonebraker, the unique architect of Postgres and cofounder of Tamr, shall be approaching board as an marketing consultant. Accompanying him, fellow Tamr cofounder Andy Palmer is becoming a member of EnterpriseDB’s board of administrators in conjunction with Catalyst’s Todd Clapp.

In a different way, the present most sensible control staff, led by means of Ed Boyajian, shall be staying in position. The corporate was once one of the most first distributors to ship business product atop PostgreSQL, which Stonebraker created as a relational resolution to Ingres again within the 1990s. As we famous ultimate yr, PostgreSQL has been the Zelig of databases; round for over 30 years, it was once one of the vital commonplace database that you simply by no means heard of.

When EnterpriseDB debuted just about 15 years in the past, it situated itself as a just about appropriate choice to Oracle. Within the period in-between, it’s been joined by means of a bevy of gamers, together with every of the foremost cloud suppliers, which are turning in platforms in keeping with PostgreSQL. As its house has grown crowded, EnterpriseDB’s problem has been differentiating itself, and extra particularly, simply getting heard over all of the noise.

Nevertheless it comes into the PE maintain some momentum. In 2018, earnings grew 40% yr over yr, and the corporate has had 37 instantly quarters of subscription enlargement.

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