MySQL plans IPO

Submitted by Travis Doherty on April 26, 2007 - 12:35pm.

MySQL, the world's most popular open source database server, has hit $50 Million in revenue for 2006. That compares to $6.5 Million in 2002 [1]. This comes from monetizing a product that has a parallel open source version for no cash down, and really goes to show that selling support and services does work as a business model. I'm very happy to hear these results.

The MySQL server is an enterprise level database solution and the company MySQL AB has brought enterprise level support and service to the offering.

MySQL is a database server that works well with PHP and the two products are commonly used together, PHP is installed on over 20 Million domains [2]. Gwava's new product Retain will enter beta using a MySQL backend, and will expand to other backends in later releases.