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EnterpriseDB opens Pune Development Center
By siliconindia
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Friday, 06 October 2006, 19:30 IST
Pune: EnterpriseDB, an open source database player in the U.S, has recently launched a software development center in Pune. This is the second offshore development center for the company in Asia, the first being in Islamabad. The company also has an enterprise performance centre in the UK.
Ashish Mehra, director-India Operations, EnterpriseDB, said the company is looking at developing the Pune centre into a very specialised resource centre for database internals development. Besides, it would be responsible for providing sales, support and other services to customers worldwide.
With 130 employees globally, the company plans to grow to a 200-people company by June 2007.
Pune will have 50 people and account for 25 percent of our overall headcount of 200 by middle of next year. Currently we are focused only in the U.S.
According to a recent report by Forrester Research, the open source database market is estimated to be $300 million and will grow to be $1 billion market by 2008. Some industry estimates have pegged the growth of this market in the small & medium business (SMB) segment alone at 70 percent.
The two-year-old company has raised more than $28.5 million to date with leading venture capitalists like Charles River Ventures, Fidelity Ventures, Sony Online Entertainment, and Valhalla Partners accounting for $20 million of the finances.