Ingres Set to Close 2010 With Strong Financial Results and Unique Market Position

Announces Organizational Changes to Exploit Market Opportunity

REDWOOD CITY, Calif.--()--Ingres Corporation, innovators of VectorWise, a breakthrough analytic database, and leading provider of open source enterprise-grade database, today announced that it is set to close out 2010 with substantial year on year growth, resulting in a strong balance sheet, positive cash flow and increasing profitability. This significant performance was driven by the continued new adoption of Ingres Relational Database technology by end users and Independent Software Vendors, and by the market acknowledgement of Ingres VectorWise as a groundbreaking technology.

Highlights for 2010 include:

Ingres Rises to the Challenge of a Changing Market

2010 has seen a reinvigoration in the database segment for organisations like Ingres. Firstly, the consolidation in the market due to increased M&A activity has left many organizations and ISVs vulnerable to increased competition and predatory practices by proprietary vendors. Secondly, the inexorable rise of Cloud Computing and the integration of Social Media have created new demand for data storage and analytics. And finally, the challenge of Big Data moved to the mid-market in 2010 where there has been increasing demand for fast analytics to support their decision making capabilities as they strive for competitive advantage in a tough economy.

These factors are forcing enterprises to reassess their data management strategies and they are increasingly recognising Ingres as a very attractive viable alternative.

Focus on 2011 and beyond

Ingres is uniquely positioned to exploit these market developments, with the only independent enterprise-grade database and new, exciting technology in the growing analytical database space,” said Terry Garnett, Managing Director of Garnett & Helfrich Capital, Ingres’ sole investor, and Chairman of Ingres. “We are determined to take full advantage of this unique position and recognize the need for razor sharp focus on our goals and effective execution of our strategy.”

In order to fully exploit this opportunity, Terry Garnett will expand his role at Ingres as Chairman of the Board by assuming the CEO role from Roger Burkhardt, who is leaving the organization.

Steve Shine, EVP Worldwide Operations and Greg Wood, CFO and EVP Administration will continue to steer the organisation’s strategy and operations and are promoted to Co-Presidents.

Mr. Garnett concludes, “We start 2011 with a robust balance sheet; a strong and loyal client base and ground breaking technology that is experiencing strong early interest. By moving so far beyond the current price performance barrier in analytic database technology, we have created the potential to create a disruptive force in the under served mid market. Our challenge is to develop and execute a strategy that fulfils that potential and more, and we are excited by the opportunity and confident in our ability to do so.”

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 10X to 80X 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

Ingres is a registered trademark of Ingres Corporation. All other trademarks, trade names, service marks, and logos referenced herein belong to their respective companies.

Contacts

Ingres Corporation
Valerie Beaudett, 650-587-5544
Corporate Communications
Valerie.Beaudett@ingres.com
or
Atomic PR for Ingres
Jessica Swain, 415-593-1400
jessica.swain@atomicpr.com

Sharing

Contacts

Ingres Corporation
Valerie Beaudett, 650-587-5544
Corporate Communications
Valerie.Beaudett@ingres.com
or
Atomic PR for Ingres
Jessica Swain, 415-593-1400
jessica.swain@atomicpr.com