More news from Oracle, and they’re back to their company-gobbling ways. The database giant announced that it has entered into a definitive agreement to acquire Tangosol Inc., a provider of in-memory data grid software.
According to Oracle, data grid software increases application performance by providing distributed access to frequently used data. Tangosol's product, Coherence Data Grid, is used in extreme transaction processing or XTP, typically applied in financial services, telecommunications, and travel and logistics industries. Oracle believes that the combination of Fusion Middleware, TimesTen, and Oracle Database will provide an integrated platform for businesses moving to this new model of transaction processing.
Oracle officials said Tangosol adds customer value to the Oracle Fusion Middleware infrastructure where adoption of service-oriented architecture, Web 2.0, and event-driven architecture is driving the need for high-performance, continuously-available shared data services to offload and buffer analytic, compute and transaction processing cycles from backend core data processing services.
Tangosol is said to be widely adopted among tier-one Global 1000 customers and has been deployed at over 1,500 implementations. Tangosol helped define the distributed caching market segment and is recognized as a provider for in-memory data grid technology. The transaction is subject to customary conditions and is expected to close in April 2007. Financial details were not disclosed.
Funny how news of an Oracle acquisition is taking the backseat, thanks to more intriguing events. Tangosol is the second acquisition announced by Oracle this month. Oracle announced on March 1 that it has agreed to purchase Hyperion for $3.3 billion. In cash.
Saturday, March 24, 2007
Subscribe to:
Post Comments (Atom)
0 comments:
Post a Comment