Friday, June 10, 2005

TimesTen acquired by Oracle

Another acquisition by Oracle!! Here, they’ve announced the purchase of TimesTen, Inc., a leading provider of real-time data management software, to extend Oracle Database and Oracle Fusion Middleware.

An article entitled Oracle adds to database portfolio with TimesTen by Martin LaMonica, has a very good write up. It quotes Andrew Mendelsohn, Senior VP of Oracle Database Server Technologies as saying:

By buying the company, Oracle gains tools for storing data and transactions in a server computer’s memory, rather than on disk. That in-memory data storage and caching capability provides tools coveted by Oracle’s high-end customers with demanding data-processing jobs.

Looks like the poll I ran the other day on Oracle over extending itself is rather timely. Time for another one!!