TmaxSoft, a specialist in middleware and enterprise IT infrastructure, has announced a stream of new business initiatives designed to harness its rapid growth in the middleware and DBMS market as it continues its aim to directly challenge Oracle.
TmaxSoft has identified the opportunity to expand internationally, with subsidiaries working with local partners to meet the rising demand. TmaxSoft has also publically stated that it is aiming to achieve revenue of $100 million in its domestic Korean market, with a further $110 million in overseas sales, reflecting its aggressive expansion plans to become a global software company.
TmaxSoft CTO, Dae Yeon Park commented: "Markets in Korea and overseas are continuously voicing their demand for an alternative to Oracle. Focusing on countries such as the UK, China and Brazil - large markets with numerous business opportunities - and Japan, which contains an abundant number of highly loyal TmaxSoft clients - we are planning on greatly increasing sales overseas, particularly focusing on our DBMS offering Tibero, a cheaper and viable alternative to Oracle's comparable product."
TmaxSoft has recently signed contracts with a number of global companies, including a Russian financial firm, a Chinese IT firm and a Singaporean airline, putting itself in direct competition with Oracle.
In Japan, TmaxSoft has also entered a partnership with Red Hat Japan to sell a product that combines Linux with Tibero, which is compatible with Oracle but costs 50 per cent less than its comparable Oracle product in licence and maintenance fees.
"To quickly infiltrate the overseas markets we are forming strategic alliances with our partners, while scaling up our teams with local talent in order. In addition to the seven markets we are already operating in, we will be planning a roll-out to an additional 30 including France, Germany, Canada, Australia and the UAE," continued Dae Yeon Park.
The catalyst for this positive growth forecast in both its domestic and overseas markets are the continual upgrades being made to TmaxSoft's DBMS Tibero, which includes improvements to stability, security and scalability.
The improved performance of Tibero was recently verified by the Seoul National University of Science and Technology. After comparing the performance of its integrated information system through both Tibero and Oracle, the results proved Tibero had superior performance, which in turn prompted its migration from Oracle to TmaxSoft.
TmaxSoft is aiming to be the frontrunner in the system software market and it plans on releasing key products as part of its "Big Data Platform" strategy to infiltrate the rapidly growing Big Data market. As part of its overall strategy to be market leaders, it will be launching a range of new products and upgrades including Tibero 6 DBMS, which is due to be released in the first quarter of this year and has a wider range of functionality and greater stability; and ProObject, a new Java framework with a high performance architecture released last year; in addition to releases of ZetaData, AnyMiner and DataHub.
Dae Yeon Park concluded: "2015 is the year that TmaxSoft will enjoy explosive growth in both the domestic and overseas markets. With superb product reliability and credible references, we are confident that Tibero DBMS will become the growth engine that will edge out Oracle in the global market."