BARCELONA, Spain - Nutanix (NASDAQ: NASDAQ:NTNX), a key player in hybrid multicloud computing, and EnterpriseDB (EDB), known for its PostgreSQL acceleration in enterprises, have announced an extended partnership to support PostgreSQL for transactional, analytical, and AI applications at scale.
This collaboration brings together the Nutanix Database Service's automation features with EDB's high performance and security, aiming to facilitate PostgreSQL adoption across on-premises datacenters and public clouds.
The partnership, announced today at the .NEXT Conference, focuses on integrating EDB's capabilities with Nutanix's infrastructure to provide a comprehensive solution for enterprise database management. The objective is to offer customers a reliable and efficient PostgreSQL environment, which is increasingly popular among developers for its extensibility and among IT teams for its performance and security.
According to Tarkan Maner, Chief Commercial Officer at Nutanix, the collaboration will increase productivity for developers using PostgreSQL and support enterprise applications in demanding environments. Kevin Dallas, CEO of EDB, highlighted the potential of PostgreSQL for future data analytics and AI applications, suggesting that the partnership could lead to a comprehensive data ecosystem.
The benefits for joint customers of Nutanix and EDB include simplified database provisioning, administration, and migration processes, as well as multicloud infrastructure support. The combination of EDB's performance features and Nutanix's infrastructure is expected to enhance database operations and shorten time-to-market for applications.
EDB on Nutanix Database Service is currently available, with the promise of end-to-end customer support and enhanced performance and reliability for PostgreSQL. This move aligns with the growing enterprise trend toward open-source solutions for improved business agility and innovation.
The announcement reflects a strategic step for both Nutanix and EDB in addressing the needs of modern enterprises and their complex data management requirements. This information is based on a press release statement.
InvestingPro Insights
Nutanix (NASDAQ: NTNX) has been making headlines with its strategic partnership with EnterpriseDB, but what do the numbers say? The company's market capitalization stands robust at $17.63 billion, indicating a strong market confidence in its business model and growth prospects.
With a gross profit margin of 83.85% for the last twelve months as of Q2 2024, Nutanix showcases an impressive ability to retain earnings compared to its revenue, a key factor in its operational efficiency and potential for reinvestment in strategic initiatives such as the one with EDB.
InvestingPro Tips for Nutanix highlight that analysts are optimistic about the company's future, with 11 analysts revising their earnings upwards for the upcoming period. This could be reflective of the potential revenue growth and market expansion opportunities that the partnership with EDB might unlock. Moreover, Nutanix's stock has been performing strongly, with a 1-year price total return of 181.65%, signaling robust investor enthusiasm which could be tied to its strategic moves and market positioning.
For those considering an investment in Nutanix, or seeking to deepen their understanding of the company's financial health, InvestingPro offers a wealth of additional tips—14 more to be precise. These tips provide deeper insights into aspects such as the company's liquidity, debt levels, and profitability projections. Interested readers can explore these valuable insights and make informed decisions by visiting https://www.investing.com/pro/NTNX and using coupon code PRONEWS24 to get an additional 10% off a yearly or biyearly Pro and Pro+ subscription.
The partnership between Nutanix and EDB is poised to enhance the capabilities of PostgreSQL, which could translate into increased customer satisfaction and potentially drive further growth for Nutanix. The InvestingPro data and tips provide a glimpse into the company's financial landscape, complementing the strategic narrative of the press release.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.