MySQL CEO Marten Mickos told Computer Business Review writer Matthew Aslett recently that his open source database company is preparing to go public. Though an IPO could happen by the end of the year, the story says, the company is not at all in a hurry.
Mickos points out that nearly half the company's $39 million in venture capital remains unused, and that timing is the real issue. Nonetheless, company execs are "talking to bankers now ... making sure we can do it this year if we want to," he says.
As Aslett observes, it's not a huge surprise that the 12-year-old Uppsala, Sweden-based company will follow in the footsteps of Red Hat and a handful of other open source companies in going public. MySQL's installed base approaches 10 million, according to some estimates, and the company has snagged nearly 10,000 paying customers.
The bigger news is this: Along with talk of the impending IPO comes an announcement that MySQL will offer its MySQL Enterprise Unlimited for only $40,000. Mickos explains that the radically low price is possible because the product is mature and it works, which reduces the number of support issues the company has to resolve.
As for news that Oracle is planning to repeat the same stunt it pulled to undercut Red Hat and offer cut-rate MySQL support, Mickos says here he hopes it does. The move would be a ringing endorsement of the product, he says.