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Solid Information Technology
UNICOM Systems, Inc. -- A Division of UNICOM Global :: SolidDB
About Solid Information Technology
Solid Information Technology, established in 1992, operated as a provider of proprietary database products and related consulting services. In 2014, the company's core product, the solidDB in-memory relational database management system, was acquired by UNICOM Systems, Inc., a division of UNICOM Global. This acquisition included the solidDB software and its Universal Cache feature, expanding UNICOM's strategic IT capabilities. The core development team for solidDB, based in Helsinki, Finland, joined UNICOM as part of the transaction to ensure continued development and support.
UNICOM Global, the parent entity, was founded in 1981 by Corry S. Hong, who continues to lead the firm as President and CEO. Originally from Seoul, South Korea, Mr. Hong studied computer science in Los Angeles after moving to the US at age 20. He launched UNICOM with a single software product, AUTOMON/CICS, for the CICS mainframe market. Over four decades, he has guided the company's expansion from a one-person operation into a multi-faceted global enterprise with over 50 corporate entities. This growth has been fueled by a combination of internal product development and an aggressive strategy of acquiring and integrating mature technology companies. UNICOM's business model revolves around acquiring mid-cap tech companies and integrating their products into its broader portfolio, serving Fortune 500 and Global 2000 clients.
The solidDB product, now part of the UNICOM Systems division, is an in-memory database designed for mission-critical applications that require high speed and availability. It is often used as an embedded component within larger software solutions, particularly in telecommunications, enterprise applications, and embedded systems, with major clients including Cisco, HP, and Alcatel. The database and its Universal Cache feature are aimed at knowledgeable software technicians who develop and maintain these complex systems. UNICOM provides technical support and professional services, such as consulting and training, to these developer clients. The acquisition was a strategic move for UNICOM, building on a long-standing business partnership with IBM, from whom the asset was purchased, and aimed at ensuring a seamless transition for a worldwide customer base with over 3 million deployments at the time.
Source: Dealroom company dataAt a glance
- Founded
- 1992
- Headquarters
- Cupertino, United States
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Investors
From Dealroom's funding and investor records, grouped by the round each investor first entered.
Series A2 investors entered at this stage
Capman
Apax Partners
Source: Dealroom Talent Intelligence.
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