Percona Extends Track Record of Success into 2024 Following a Momentous 2023
Percona, a leader in enterprise-grade open source database software, support, and services, has entered 2024 with continued momentum after a successful 2023 marked by significant customer growth, prestigious awards, and innovative product enhancements. The company will showcase its achievements and future plans at the AWS Summit Dubai on May 29, 2024, as a bronze sponsor.
Percona reported a 19% increase in Annual Recurring Revenue (ARR) in 2023, bolstering its reputation as a premier provider of open source database solutions. The company's dedicated sales team in the Middle East is ready to engage with existing and potential customers at the Dubai World Trade Center, where attendees can visit Percona at booth B12.
According to Gartner, the database market, which reached over $100 billion in 2023, is expected to grow at a compound annual growth rate (CAGR) of 16.8% through 2027, reaching $203.6 billion. Percona is uniquely positioned to meet the increasing demand for sophisticated database management expertise, ensuring optimal performance, security, and reliability.
Customer-Led Growth
Percona's success is driven by ongoing innovation and a steadfast commitment to customer success. The company has expanded its customer base organically, with notable collaborations including EveryMatrix and PagerDuty. These partnerships have led to enhanced database performance, resilience, and security, allowing clients to focus on their core business objectives.
2023 also saw Percona begin supporting major brands like Netflix and the United States Geological Survey, further expanding its scope with partnerships involving Merchant Warrior, Otto Office, and Kontron.
Awards and Recognition
Percona received several prestigious awards in 2023, including "Best DevOps for DataOps/Database Solution" at the Devops Dozen awards. Its innovative products were also featured among the trend-setting products in data and information management for 2024 by DBTA (Database Trends and Applications).
Innovations and Enhancements
Percona continues to lead in database innovation with the Beta release of Percona Everest, the first open source cloud-native database platform that combines multi-cloud and multi-database capabilities. Percona Everest offers advanced database provisioning and management features, providing flexibility and eliminating vendor lock-in.
The company also introduced numerous product enhancements in 2023, such as a complete post-EOL support program for MySQL 5.7 and new MongoDB backup monitoring capabilities in Percona Monitoring and Management (PMM).
Future Growth
Looking ahead, Percona is poised for continued expansion, with plans to participate in key industry events throughout 2024, including KubeCon North America and Open Source Summit North America. These engagements will further solidify Percona's leadership in the open source database community.
Ann Schlemmer, CEO of Percona, stated, "Our recent achievements reflect our dedication to innovation, customer-centric solutions, and fostering meaningful relationships. We are proud of our milestones and look forward to continuing our commitment to driving progress."
