EDB Caps Successful Year of Hypergrowth
Postgres leader closed out 2020 with a 59% increase in annual recurring revenue EDB, a leading contributor to PostgreSQL, announced that it marked 2020 with record growth. The company expanded its technology portfolio with the acquisition of UK-based 2ndQuadrant, establishing it as the largest dedicated provider of PostgreSQL products and solutions worldwide.
Highlights 2020
44 consecutive quarters of annual recurring revenue growth
5,400 lifetime customers, including 28% of the Fortune 500 and 22% of the Fortune 100
Team grew by 46%, with more than 300 technologists now dedicated to PostgreSQL The market for Postgres is exploding, with customers adopting it across all deployment platforms: on-premises, in the cloud, and in hybrid environments. Through our singular focus on Postgres, EDB is driving this growth, which led to another record year, said Ed Boyajian, president and CEO of EDB. At this point, it s a two-horse race in