EnterpriseDB has received a strategic investment from KT (formerly Korea Telecom) and has accepted venture capital funding from new investment partner TransLink Capital.
The new funding will enable EnterpriseDB to expand its product and marketing operations to capitalize on the upheaval in the database market caused by consolidation and an enterprise platform shift to virtualized and cloud infrastructure.
As a result of its recent investment, TransLink Capital's Co-founder and Managing Director Jay Eum has joined EnterpriseDB's Board of Directors. At TransLink Capital, Eum is responsible for the firm's investments in Carbonite, Melodis and XSigo.
Previously, he launched the U.S. operations for Samsung Venture Investment Corporation and served as an investment officer with Vertex Management. He holds a master's degree in business administration from Stanford University and a master's of science degree in biochemistry and a bachelor's of science degree in chemistry from Seoul National University.
"When making investments, we look for companies that have a proven track record of success and a unique market opportunity, especially in Asia. EnterpriseDB certainly has both," said Jay Eum, co-founder and managing director at TransLink Capital. "The company has built its products on a proven technology and is in a very strong market position as the only true open source alternative to large, expensive proprietary database vendors. The upside for EnterpriseDB is tremendous."
Posted by reporter on August 31, 2010










