[Updated. 9:26 am Eastern time on 9/02/10. See below] EnterpriseDB, a Westford, MA-based provider of database management software that can run on cloud computing systems, has raised $7.5 million of a round of equity, options, and warrants to expand its product and marketing operations. The round could eventually total $12 million, an SEC filing revealed. The new investors in the funding round were KT (formerly Korean Telecom) and TransLink Capital. The firm’s previous backers include IBM, NTT, Red Hat, Sony, Volition Capital, Charles River Ventures, and Valhalla Partners. In 2008, Wade profiled EnterpriseDB, whose systems run on PostgreSQL, an open-source database. (Editor’s note: this news brief was updated to include information from the company’s press release about its financing on Aug. 31.)
Author: Erin Kutz
Erin Kutz has a background in covering business, politics and general news. She holds a bachelor’s degree in journalism from Boston University. Erin previously worked in the Boston bureau of Reuters, where she wrote articles on the investment management and mutual fund industries. While in college, she researched for USA Today reporter Jayne O’Donnell’s book, Gen Buy: How Tweens, Teens and Twenty-Somethings Are Revolutionizing Retail. She also spent a semester in Washington, DC, reporting Capitol Hill stories as a correspondent for two Connecticut newspapers and interning in the Money section of USA Today, where she assisted with coverage on the retail and small business beats. Erin got her first taste of reporting at Boston University’s independent student newspaper, as a city section reporter and fact checker and editor of the paper’s weekly business section.
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