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December 19, 2006

Solid raises funds for open source database push

Solid Information Technology Ltd has raised $5.2m in new investment to finance its push into the open source database management market following its recent agreement with MySQL AB.

By CBR Staff Writer

The Cupertino, California-based in-memory database specialist has raised 4m euros ($5.2m) from existing investors Apax Partners and CapMan, and will use the funds to invest in the enterprise business that was created via its relationship with MySQL.

Solid was one of several vendors that came to Uppsala, Sweden-based MySQL’s aid earlier this year to help it come up with database storage engine alternatives following the acquisition of InnoDB, MySQL’s database storage engine of choice, by Oracle Corp.

The result was solidDB for MySQL, which is now generally available, and marks Solid first foray into the open source arena, as well as the enterprise database market.

As well as solidDB for MySQL, the company is also rather confusingly offering MySQL Enterprise for Solid, which includes the jointly-developed offering, as well as MySQL’s Network Monitoring and Advisory Service and production support.

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