REDWOOD CITY, Calif.--(BUSINESS WIRE)--Ingres Corporation today announced that venture buyout firm Garnett & Helfrich Capital has acquired CA Technologies last remaining 20 percent equity stake in Ingres Corporation to become the company’s sole investor. Terms of the deal, concluded in September 2010, were not disclosed.
“We are pleased with the momentum Ingres is showing in the marketplace with the breakthrough Ingres VectorWise technology,” said Terry Garnett, Managing Director of Garnett and Helfrich. “This investment allows us greater participation in what is clearly an exciting and high-growth market.”
Garnett & Helfrich Capital’s investment in Ingres comes at a time of increasing profitability and exciting growth prospects for the company. Ingres recently announced the general availability of Ingres VectorWise, one of the most significant analytic database technologies of the past 20 years. Ingres VectorWise was hailed as a breakthrough in analytics by Intel Corp when it was first announced last year for the way in which the product exploited the power of Intel chips.
This claim has since been validated by many clients reporting between 10X to 80X improvement in performance over their existing systems and without the need for the complex tuning and schema design normally required for BI projects.
Ingres is committed to building out an Ingres VectorWise ecosystem of partners who can transform the new analytics solution by embedding or reselling the technology, and recently announced a partnership with open source business intelligence provider, Pentaho. In addition, the company has signed several new customers and is preparing to announce several new partnerships.
About Garnett & Helfrich Capital
Formed in March 2004, Garnett & Helfrich Capital is a $350 million private equity fund focused exclusively on the emerging venture buyout segment for mid-sized technology spinouts. The firm specializes in spinning out businesses from large global technology companies and growing them as focused, standalone businesses. Investments include Wyse Technology (world leader in thin-client computing), Ingres (the leading open source enterprise database company spun out from Computer Associates) and Blade Network Technologies (an industry-leading supplier of network infrastructure originally divested from Nortel Networks and recently sold to IBM Corp). More information is available at www.garnetthelfrich.com.
About Ingres Corporation
Ingres develops and markets the leading open source enterprise-grade relational database and a breakthrough analytic database, VectorWise, designed to support the growing need for analytics and business intelligence. Delivering on its promise of continued innovation, Ingres VectorWise delivers performance improvements of 75X that of comparable databases without the usual overheads of Business Intelligence environments Suitable for enterprises and as an embedded database for ISVs and SaaS providers, Ingres VectorWise is quickly becoming a leader in big data management and data analysis for data-driven companies. More information is available at www.ingres.com
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