Feeds

Oracle cures need for speed with TimesTen buy

In memory, we trust

  • alert
  • submit to reddit

Internet Security Threat Report 2014

Industry giant Oracle has gobbled up smaller database player TimesTen in the hopes of using the firm's ultra-fast transaction technology to speed its software.

TimesTen makes a specialized database that speeds up many types of transactions by storing data in memory as opposed to disk. Customers in the financial services, telecom and networking industries have been the biggest fans of TimesTen's products. Deutsche Bank, Cisco, JP Morgan and the Nasdaq exchange are just some of the high-profile clients claimed by the company.

"The TimesTen technologies will be a natural extension of our database and Oracle Fusion Middleware," said Andrew Mendelsohn, a SVP at Oracle. "This will enable us to provide our customers - such as those in the telecommunications and financial services industries - with instantly responsive and continuously available access to critical transaction data."

Oracle expects the deal to close by the end of July, pending standard approvals. Neither company released financial details of the transaction.

TimesTen's CEO Jim Groff pitched the acquisition as a big win for the company's customers, saying many of them already run Oracle and will now receive a combined, high-performance product.

Oracle has been on quite the software buying spree, picking up PeopleSoft and Retek for serious cash in recent months.

More information of TimesTen's products can be found here. ®

Related stories

Sun buys $50m worth of NAS software IP
Oh Woe is Siebel
Oracle snaps up security firm
Oracle CFO exits as fight for Retek heats up

Remote control for virtualized desktops

More from The Register

next story
Download alert: Nearly ALL top 100 Android, iOS paid apps hacked
Attack of the Clones? Yeah, but much, much scarier – report
You stupid BRICK! PCs running Avast AV can't handle Windows fixes
Fix issued, fingers pointed, forums in flames
Microsoft: Your Linux Docker containers are now OURS to command
New tool lets admins wrangle Linux apps from Windows
Facebook, working on Facebook at Work, works on Facebook. At Work
You don't want your cat or drunk pics at the office
Soz, web devs: Google snatches its Wallet off the table
Killing off web service in 3 months... but app-happy bonkers are fine
First in line to order a Nexus 6? AT&T has a BRICK for you
Black Screen of Death plagues early Google-mobe batch
prev story

Whitepapers

Why and how to choose the right cloud vendor
The benefits of cloud-based storage in your processes. Eliminate onsite, disk-based backup and archiving in favor of cloud-based data protection.
A strategic approach to identity relationship management
ForgeRock commissioned Forrester to evaluate companies’ IAM practices and requirements when it comes to customer-facing scenarios versus employee-facing ones.
Go beyond APM with real-time IT operations analytics
How IT operations teams can harness the wealth of wire data already flowing through their environment for real-time operational intelligence.
How to determine if cloud backup is right for your servers
Two key factors, technical feasibility and TCO economics, that backup and IT operations managers should consider when assessing cloud backup.
High Performance for All
While HPC is not new, it has traditionally been seen as a specialist area – is it now geared up to meet more mainstream requirements?