Nutanix and EnterpriseDB have expanded their partnership to support PostgreSQL for transactional, analytical, and artificial intelligence workloads. This collaboration aims to combine Nutanix’s automation features with EDB’s high performance and security to facilitate the adoption of PostgreSQL in on-premises data centers and public clouds. The integration of EDB capabilities with Nutanix infrastructure will provide a comprehensive solution for enterprise database management, offering customers a reliable PostgreSQL environment known for its extensibility, performance, and security.
Tarkan Maner, Nutanix’s chief commercial officer, believes that this collaboration will increase developer productivity using PostgreSQL and support enterprise applications in demanding environments. Kevin Dallas, CEO of EDB, sees the potential for PostgreSQL in future AI and data analytics applications, suggesting that the partnership could lead to a comprehensive data ecosystem. Joint customers of Nutanix and EDB will benefit from simplified database provisioning, management, and migration processes, as well as multi-cloud infrastructure support. The combination of EDB’s performance features and Nutanix infrastructure is expected to improve database operations and shorten application time-to-market.
The availability of EDB on Nutanix Database Service promises end-to-end customer support, improved performance, and reliability for PostgreSQL. This move aligns with the trend of adopting open-source solutions for enhancing business agility and innovation. The partnership reflects a strategic step for both Nutanix and EDB in addressing modern enterprises’ complex data management needs.
On the financial front, Nutanix’s strong market capitalization of $17.63 billion indicates market confidence in its business model and growth prospects. With an impressive gross profit margin of 83.85%, Nutanix demonstrates its ability to retain profits compared to revenue, positioning it well for strategic initiatives like the partnership with EDB. Analysts are optimistic about Nutanix’s future, with potential revenue growth and market expansion opportunities expected from the collaboration with EDB. Nutanix stock’s strong performance and investor enthusiasm further support its strategic moves and market positioning.
InvestPro offers additional insights and advice for those interested in investing in Nutanix, providing information on liquidity, debt levels, and profitability projections to help make informed decisions. The partnership with EDB is poised to enhance PostgreSQL capabilities, potentially driving further growth for Nutanix. InvestPro’s data and advice complement the strategic narrative of the press release, offering a holistic view of the company’s financial health and market positioning.
Article Source
https://ca.investing.com/news/company-news/nutanix-and-edb-enhance-postgresql-for-enterprise-apps-93CH-3420657
