Solid information technology secures €4 million to expand open source initiatives

December 18, 2006

1 Min Read

CUPERTINO, Calif. -- Solid Information Technology, the only provider of fast, always-on and affordable databases used in more than 3,000,000 mission-critical deployments worldwide, today announced that it secured €4 million in additional financing to accelerate the delivery of its open source database products to the enterprise market. The funding round was done by current Solid investors Apax Partners and CapMan. Apax Partners is one of the world's largest private equity firms. CapMan is one of the leading private equity investors in the Nordic countries.

This funding comes on the heels of Solid's announcement that solidDB™ for MySQL outperformed MySQL Server running with Oracle InnoDB in a public database benchmark test, as well as the general availability of solidDB for MySQL (see accompanying press release).

"Solid's move into the enterprise market is well-timed," said Jonathan Eunice, Principal IT Advisor at Illuminata. "Given the strong ecosystem advantages, application developers and service providers increasingly depend on open source solutions--even though they're often not designed for heavy-duty loads. But heavy lifting comes naturally to Solid's engine--which is what makes this such a nice marriage."

Solid Information Technology Ltd.

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