MySQL, purveyor of the open-source database of the same name, is on the road to becoming a publicly traded company, bolstered by $50 million in revenue in 2006.

"It's still in the pipeline," Chief Executive Marten Mickos said of the plan to hold an initial public offering of his company's stock.

"What we really want to be known for is the online database," Mickos said in his speech. The company wants to power operations such as traditional Web sites, the more interactive generation of "Web 2.0" companies, telecommunications industry services, software as a service, and business applications accessed through Web pages.