Solid Gets $7.8M Boost
The funding came from Apax Partners and CapMan Capital Management Oy , both prior investors in Solid. (See Solid Secures €4M and Solid Secures $14M.)
Solid announced the funding Dec. 18, bringing its total amount raised to €69 million ($135.65 million). But that history includes a restructuring about two years ago.
"This is the first infusion of capital since then," says Paola Lubet, vice president of marketing and business development. "The company has been breaking even and, as such, has not required additional investment."
The MySQL partnership might seem odd, as both companies provide embedded databases for networking gear. But in part, it's a way for Solid to boost its sales into enterprise networks, which represent about 17 percent of revenues now. Part of the idea is that MySQL presents a familiar face to that world.
"Any enterprise customer can hire people that know how to use MySQL," Lubet says. "So, it's a market penetration strategy for us, if you want."
Specifically, Solid added its storage engine -- the code that moves data in and out of the database itself -- underneath the MySQL database. The resulting product, developed by the two companies in tandem, is being called solidDB for MySQL, and it's gone into general availability as of last month.
Competition would come from other shades of MySQL, such as the one using the storage engine from InnoDB, now owned by Oracle Corp. (Nasdaq: ORCL). In addition to announcing its funding, Solid sent a bit of trash talking Oracle's way, putting out a release boasting that solidDB for MySQL outperformed the InnoDB version on multi-CPU hardware.
The new funding will go to the usual marketing and sales stuff, but it's also slated for adding to MySQL's database, bringing enhancements such as high availability, Lubet says.
— Craig Matsumoto, Senior Editor, Light Reading