Solid Database Scores €4 Million Funding Boost

December 20th, 2006: Database provider Solid Information Technology has score €4 million (AU$6.7m) in addition funding to speed up the development of its open source databases for the enterprise market.

Solid investors Apax Partners and CapMan ponied up the dough for the project shortly after the announcement that solidDB for MySQL outperformed a MySQL Server/Oracle InnoDB combination in a public database benchmark test.

“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 says that it is the only provider of fast, always-on and affordable databases and boasts that it is used in more than 3,000,000 mission-critical deployments worldwide. The company has been developing in leaps and bounds lately, growing by 30 percent in the last two years and expanding into China and Central Europe.

“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,” said Vesa Wallden, senior partner at CapMan. “The capital provided by CapMan will enable Solid to achieve a new level of growth through aggressive expansion into the high-growth enterprise market.”

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