Feeds

Oracle cures need for speed with TimesTen buy

In memory, we trust

  • alert
  • submit to reddit

Application security programs and practises

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

The smart choice: opportunity from uncertainty

More from The Register

next story
Whoah! How many Google Play apps want to read your texts?
Google's app permissions far too lax – security firm survey
Chrome browser has been DRAINING PC batteries for YEARS
Google is only now fixing ancient, energy-sapping bug
Do YOU work at Microsoft? Um. Are you SURE about that?
Nokia and marketing types first to get the bullet, says report
Microsoft takes on Chromebook with low-cost Windows laptops
Redmond's chief salesman: We're taking 'hard' decisions
EU dons gloves, pokes Google's deals with Android mobe makers
El Reg cops a squint at investigatory letters
Big Blue Apple: IBM to sell iPads, iPhones to enterprises
iOS/2 gear loaded with apps for big biz ... uh oh BlackBerry
OpenWRT gets native IPv6 slurping in major refresh
Also faster init and a new packages system
prev story

Whitepapers

Reducing security risks from open source software
Follow a few strategies and your organization can gain the full benefits of open source and the cloud without compromising the security of your applications.
Consolidation: The Foundation for IT Business Transformation
In this whitepaper learn how effective consolidation of IT and business resources can enable multiple, meaningful business benefits.
Application security programs and practises
Follow a few strategies and your organization can gain the full benefits of open source and the cloud without compromising the security of your applications.
Boost IT visibility and business value
How building a great service catalog relieves pressure points and demonstrates the value of IT service management.
Consolidation: the foundation for IT and business transformation
In this whitepaper learn how effective consolidation of IT and business resources can enable multiple, meaningful business benefits.