EnterpriseDB reports 70% Increase in Software Subscription Revenue

EnterpriseDB (EDB) and Oracle database compatibility solutions have jointly announced a record 70-per cent 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.

EDB has 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.

Ed Boyajian, CEO & President, EnterpriseDB, said, “Revenue figures tell our story for us. We’ve had 16 consecutive quarters of growth during some tough years for the global economy. EnterpriseDB is celebrating its tenth 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.”

This is an important trend, with companies looking further up the infrastructure software stack to the database layer for opportunities to leverage open source.