EnterpriseDB is 10 years old this year and we marked this milestone with a record 70 percent increase in subscription revenue growth. In fact, the fourth quarter of 2013 was the 16th consecutive quarter of growth in subscription revenue for the company. That’s four years of steady growth as Postgres gained greater following among enterprises, governments and other organizations.
Our team has grown as well and we’ve expanded worldwide. We’ve amassed an awe-inspiring depth of talent and breadth of experience and it’s an honor to work each day with such great people. All of them have contributed so significantly to our dramatic expansion.
EDB added 400 new customers in 2013 so the count now stands at more than 2,400, including 50 of the Fortune 500 and 98 of the Forbes Global 2000. Worldwide, these customers now include ABN AMRO Bank, Grupo BBVA, Deutsche Börse AG, Ericsson, Fujitsu, KT Corp., Lockheed Martin, McKesson Corp., Nippon Telegraph & Telephone Corp. (NTT), RSA Security LLC, the state of Alaska Department of Health and Human Services and St. Jude Children’s Research Hospital.
Acceptance of Postgres crosses all industries and all continents.
But the success of EDB also reflects the success of a subscription-driven business model for enterprise software. This is quite different from the licensing models employed by our proprietary database competitors. By including support, updates and all upgrades as a part of the subscription, EDB provides users with a predictable expense model without the big license fees and service charges. One Oracle license, for example, lists at $47,500 per core but support and operating costs add an additional 22% of the license costs. Even with Oracle’s famous discounting, EDB comes in at a fraction of the cost and our numbers show organizations are making the change. Read the rest of this entry »EnterpriseDB Celebrates 10 Years