LAS VEGAS— Amid the aggressive churn of the rumor mill, Oracle has announced that it is has entered into an agreement to acquire Tangosol, a provider of in-memory data grid software.
Thomas Kurian, senior vice president of Redwood Shores, Calif.-based Oracle, is expected to discuss the acquisition during his keynote at TheServerSide Java Symposium here the morning of March 23, where rumors of the acquisition have been in fever pitch throughout the conference.
Cameron Purdy, president of Somerville, Mass.-based Tangosol, also is a speaker at the event, and is expected to join Kurian onstage to tout the deal. Financial details of the deal were not disclosed.
Tangosols data grid solution has been effective in financial services, telecommunications, travel and other industries. Data grid software increases application performance by providing fast, distributed access to frequently used data. Tangosols product, Coherence Data Grid, is a fundamental enabler for the rapidly growing space of XTP (extreme transaction processing), which is typical in, among others, the financial services, telecommunications, and travel and logistics industries. Coupled with Oracle Fusion Middleware, Oracle TimesTen and Oracle Database, the combination will provide an integrated platform for businesses moving to this new model of transaction processing, the companies said.
"Together, Oracle and Tangosol create the industrys most comprehensive middleware for building applications that perform real time data analytics, grid based in-memory computations and high performance transactions," Kurian said in a statement.
Added Kurian: "Tangosol adds significant customer value to the Oracle Fusion Middleware infrastructure where rapid customer adoption of Service Oriented Architecture (SOA), Web 2.0 and Event Driven Architecture (EDA) built on Oracle Fusion Middleware 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."
Meanwhile, also in a statement, Purdy said, "Modern architectures like SOA, Web 2.0 and EDA are enabling more agile business processes and applications. However, those same architectures are driving the demand for high-performance access to shared data, creating a very heavy burden on backend data processing services. Oracle and Tangosol can together address the need for a comprehensive data virtualization strategy that can both relieve the load on backend infrastructures while maintaining or increasing performance."
Tangosol has typically provided data grid technology for Java-based systems, but on March 20 announced its first .Net solution.