Ingres hired a famous Citigroup analyst as company CFO_MySQL

[ENet power News in Silicon Valley] on December 3, February 6 (Beijing Time on December 3, February 7) news: open source database software company Ingres has hired a famous financial analyst tombershells as its chief financial officer, prior to that, the new company had hired a series of famous professionals as executives. Berquest is currently the Citigroup group ([eNet Silicon Valley Power news] us east time on February 6 (Beijing time on February 7) news: ingres, an open-source database software company, has hired Tom berpurchased, a well-known financial analyst, as its chief financial officer. Before that, the newly established company has hired a series of well-known professionals as corporate executives.

As one of the managing directors of Citigroup, berquest is responsible for tracking the business of database software vendors such as Oracle and Microsoft. Previously, he was a managing director at Goldman Sachs, responsible for software Value Research.

Since Ingres became an independent company in last November, the company has taken a number of initiatives to enhance its management, and it announced on Monday that it was the latest in these initiatives. In December January, Ingres recruited several former Oracle executives, including James Finn, the new chief communication officer of Ingres.

Previously, CA, known as computer Union International, sold some of its assets to Garnett & Helfrich Capital, a private securities investment company, to strip the Ingres database company. CA has decided to focus its product sales on system management and security.

It is widely recognized that the Ingres Database is a mature and stable enterprise database. Currently, there are about 5000 customers. CA converted the database into open-source software before the Ingres group was removed.

The business plan of Ingres is to charge only the technical support service fee to the customer, and the customer does not have to pay the license fee when using the Ingres database. It also discloses the source code of the database and continues to implement the open source program.

"Ingres will become a new force in the database market, and the time for reform of the Enterprise's software economy is ripe. customers hope to get more returns from their database investment, ingres provides them with a credible alternative in a timely manner."

Last year, many companies, including startups such as EnterpriseDB, Pervasive Software, and Sun, started their open source database program. According to Evans Data, MySQL is the most widely used open source database.

Author: Wang Fei