Cupertino, California – (The Hosting News) – January 3, 2007 – Database provider, Solid Information Technology, has secured EUR 4 million in additional financing to accelerate the delivery of its open source database products to the enterprise market, from current investors, Apax Partners and CapMan.
Solid is used in more than 3,000,000 mission-critical deployments worldwide. 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. The 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.
Jonathan Eunice, Principal IT advisor at Illuminata commented, ”Solid’s move into the enterprise market is well-timed,” said “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 has experienced strong growth during the past several years, driven by innovative products, tier-1 customers, and the successful implementation of its global sales initiatives. In the last two years, Solid has grown more than 30%, expanding into China and Central Europe and broadening its market penetration through key partnerships with Sun Microsystems, MySQL and Wind River.
Ronald Weissman at Apax Partners added, ”Apax was eager to provide additional funding because Solid combines 14 years of experience and innovative, high-performance technology with a seasoned management team that can execute on the opportunity. We look forward to working closely with the Solid team to establish their database technology as a de facto standard for mission-critical enterprise applications.”
Vesa Wallden, Senior Partner at CapMan remarked, ”The enterprise is ready for an open source mission-critical database. Solid is known for delivering innovative, advanced database technology that meets even the strictest of real-time requirements, such as those within the telecommunications industry. The capital provided by CapMan will enable Solid to achieve a new level of growth through aggressive expansion into the high-growth enterprise market.”
Alain Couder, President and CEO at Solid Information Technology offered, ”The additional capital provided by CapMan and Apax Partners provides Solid the opportunity to invest in product, marketing and sales, all aimed at the enterprise, while continuing to grow our core telecommunications business. Solid looks forward to a deeper partnership with Apax Partners and CapMan.”
Apax Partners is a private equity investment groups, operating across Europe, Israel, the United States and Japan. With over 30 years of direct investing experience, Apax Partners’ Funds provide long-term equity financing to entrepreneurs to build and strengthen world-class companies. It pursues a balanced equity portfolio strategy, investing in companies at all stages of development from early stage to buy-out. Apax Partners’ Funds invest in companies across its 6 chosen global sectors of information technology, telecommunications, healthcare, media, financial services, retail and consumer. Some of Apax Partners’ Funds technology investments include Autonomy, Bluestone, Computacenter, Corvil, Dr Solomons, Fore Systems, HAL, Nexagent, NTL, Systemonic, Preventsys, and Sonim Technologies.
CapMan is a private equity investors in the Nordic countries and manages Nordic buyout, mezzanine, technology, life science and real estate funds with approximately EUR 2.6 billion in total capital. Each investment area has a dedicated team and altogether CapMan employs around 100 people in Helsinki, Stockholm, Copenhagen and Oslo. Established in 1989, CapMan has strong experience as a fund manager and as a partner for investors and entrepreneurs. To date CapMan has made over 150 Nordic investments and over 90 exits. The current portfolio encompasses over 60 companies with an aggregate turnover of approx. EUR 2.5 billion and aggregate personnel of 17,000 people. The latest investments are made in Finnish Maintpartner Oy, Danish ScanJour A/S, Swedish Neoventa AB and Norwegian InfoCare ASA. The portfolio of CapMan’s first private equity real estate fund consists of 22 commercial properties in the Helsinki metropolitan area. The B shares of CapMan Plc are listed on the Main List of the Helsinki Stock Exchange since 2001.
Solid Information Technology is the leading provider of fast, always-on and affordable database solutions. Solid serves both OEM/Embedded customers and Enterprise end-users with a combination of open source and proprietary database products.
There are more than 3,000,000 deployments of Solid’s database technology worldwide in telecommunications networks, enterprise applications, and embedded software and systems. Market leaders such as Alcatel, Cisco, EMC2, HP, Nokia and Siemens rely on Solid for their mission-critical applications.
Founded in 1992, Solid has worldwide headquarters in Cupertino, California, and regional offices in North America, Europe and Asia.
To learn more about CapMan, please visit:
For additional information about Apax, please visit: www.apax.com.
To learn more about Solid, please visit: www.soliddb.com.