The database giant beefs up its portfolio with the purchase of TimesTen, which makes software used for real-time billing, stock trading, call centers, airline operations and other high-performance applications.
Oracle Corp.s buying spree continued on Thursday as it announced plans to acquire TimesTen Inc., a maker of real-time data management software that takes information locked in legacy applications and replicates it to a relational database at what customers say is lightning speed.
"The TimesTen technologies will be a natural extension of our database and Oracle Fusion Middleware," said Andrew Mendelsohn, senior vice president of Oracle Database Server Technologies, in a statement. "This will enable us to provide our customerssuch as those in the telecommunications and financial services industrieswith instantly responsive and continuously available access to critical transaction data."
TimesTen is a privately held company based in Mountain View, Calif., that counts among its clients companies such as Cisco Systems Inc., JPMorgan Chase & Co., United Airlines, Sprint Corp., Nokia Corp., NEC Corp., Lucent Technologies Inc. and L.M. Ericsson.
Its technology today runs systems for real-time billing, stock trading, call centers, airline operations and many other ultra-high-performance applications.
The company last year unveiled three modules: Times-Ten/Transact, which provides real-time queuing, dispatching and processing of message-based transaction requests; TimesTen/Data-Server, which provides real-time, memory-optimized data replication and data management across multiple and distributed nodes; and TimesTen/Cache, which is designed for applications that require faster access to a subset of information stored in a relational DBMS, and offers real-time relational processing of selected data from databases, as well as automatic data loading and update synchronization.
TimesTen CEO Jim Groff said that customers will be the real winners of the Oracle takeover, since many of them already run on Oracle. "By combining our technology with Oracles industry-leading database and middleware, we will be able to provide an extremely responsive, scalable, robust and secure solution," Groff said in a statement.
Carl Olofson, IDC research director for information management and data integration software, said that telecommunications and financial services, especially trading systems, have a sharp hunger for very-high-speed data storage and retrieval using database constructs with recoverability and integrity.
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But such requirements are also becoming increasingly important for large-scale distributed data environments, such as logistics, inventory management or any grid-based deployment of application serversall areas in which TimesTen has a long track record.
"TimesTen has been offering this technology for years," Olofson said in a statement. "With this acquisition, Oracle will be able to offer their customers the benefits of this functionality as a seamlessly integrated element of their products."
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Lisa Vaas is News Editor/Operations for eWEEK.com and also serves as editor of the Database topic center. Since 1995, she has also been a Webcast news show anchorperson and a reporter covering the IT industry. She has focused on customer relationship management technology, IT salaries and careers, effects of the H1-B visa on the technology workforce, wireless technology, security, and, most recently, databases and the technologies that touch upon them. Her articles have appeared in eWEEK's print edition, on eWEEK.com, and in the startup IT magazine PC Connection. Prior to becoming a journalist, Vaas experienced an array of eye-opening careers, including driving a cab in Boston, photographing cranky babies in shopping malls, selling cameras, typography and computer training. She stopped a hair short of finishing an M.A. in English at the University of Massachusetts in Boston. She earned a B.S. in Communications from Emerson College. She runs two open-mic reading series in Boston and currently keeps bees in her home in Mashpee, Mass.