Oracle Cures Need for Speed with TimesTen Buy
Jun 10, 2005 / By Paul Vallee
Oracle has purchased the small database firm TimesTen to take advantage of the company’s ultra-fast transaction technology. TimesTen makes a specialized database that stores data in memory rather than disk, therefore speeding up many types of transactions.
According to Oracle SVP Andrew Mendelsohn, “The TimesTen technologies will be a natural extension of our database and Oracle Fusion Middleware,” and will provide Oracle’s customers with “instantly responsive and continuously available access to critical transaction data.” Pending standard approvals, the deal should officially close by July of this year. read article.