PostgreSQL is pronounced Post-Gres-Q-L, and is also sometimes referred to as just Postgres. An audio file is available in MP3 format for those would like to hear the pronunciation.
PostgreSQL is an object-relational database system that has the features of traditional commercial database systems with enhancements to be found in next-generation DBMS systems. PostgreSQL is free and the complete source code is available.
PostgreSQL development is performed by a team of mostly volunteer developers spread throughout the world and communicating via the Internet. It is a community project and is not controlled by any company. To get involved, see the developer's FAQ at http://www.postgresql.org/files/documentation/faqs/FAQ_DEV.html