CA relinquishes last stake in Ingres
- — 10 November, 2010 06:24
CA Technologies has sold off its remaining 20 percent stake in Ingres to venture capital firm Garnett & Helfrich Capital, which is now the open-source database company's sole owner.
The deal was reached in September, according to Ingres. Terms were not disclosed.
Ingres' recently released VectorWise analytic database technology was one reason Garnett & Helfrich decided to invest further in the company, according to a statement.
Ingres is working to create an ecosystem around VectorWise, both with resellers and software partners such as BI (business intelligence) vendor Pentaho.
The company also recently unveiled version 10 of the core Ingres database. New features include tools that make it easier for Oracle and MySQL database users to migrate workloads over to Ingres.
CA first sold a majority stake in Ingres to Garnett & Helfrich in 2005, after releasing the database as an open-source project.
Its decision to shed remaining equity in the company could revive talk of an Ingres IPO (initial public offering). Such a move had been expected to occur in 2008, but did not come to pass.
Ingres reported revenues of US$68 million in 2008, a 32 percent increase over 2007. More recent figures were not immediately available. However, Garnett & Helfrich's investment comes at a time of "increasing profitability" for Ingres, according to a statement.
Chris Kanaracus covers enterprise software and general technology breaking news for The IDG News Service. Chris's e-mail address is Chris_Kanaracus@idg.com