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REDWOOD SHORES, Calif.,
23-MAR-2007 06:25 AM
Oracle today announced that it has entered
into a definitive agreement to acquire Tangosol Inc, a leading provider of reliable in-memory data
grid software. Data grid software increases application performance by providing fast, distributed
access to frequently used data. Tangosol's product, Coherence Data Grid, is a fundamental
enabler for the rapidly growing space of extreme transaction processing (XTP), typical in, among
others, 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.
"Together, Oracle and Tangosol create the industry's most comprehensive middleware for
building applications that perform real time data analytics, grid based in-memory computations
and high performance transactions," said Oracle Senior Vice President Thomas 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."
"Modern architectures like SOA, Web 2.0 and EDA are enabling more agile business processes
and applications," said Tangosol CEO Cameron Purdy. "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 is widely adopted among tier-one Global 1000 customers and has been successfully
deployed at more than 1,500 implementations. Tangosol defined the distributed caching market
segment and is recognized as a premier provider for reliable 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. More information is available at
http://www.oracle.com/tangosol.
About Oracle
Oracle (NASDAQ: ORCL) is the world's largest enterprise software company. For more
information about Oracle, visit our Web site at http://www.oracle.com.
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