Oracle Press Release

Oracle Completes Acquisition Of TimesTen

REDWOOD SHORES, Calif.,   June 20, 2005 09:31 AM

News Facts

Oracle today announced that the acquisition of TimesTen, Inc. is complete. The acquisition was finalized on Friday, June 17, and integration of the two companies is moving ahead quickly. Together, the Oracle | TimesTen combination will provide the products, expertise and resources to satisfy the growing demands of real-time industries and the evolution of the Real-Time Enterprise.

Oracle will host a town hall meeting for customers and partners on June 21, 2005 at 8:00 a.m. PDT/ 11:00 a.m. EDT. Oracle's Andrew Mendelsohn, senior vice president of Database Server Technologies, and Jim Groff, senior vice president, Oracle Business Strategy (formerly CEO of TimesTen, Inc.) will discuss how the combination will impact the future direction of real-time data management. For more information, visit www.oracle.com/timesten.

About Oracle | TimesTen

Oracle|TimesTen is a family of real-time data management software for managing events, transactions and data within performance-critical applications. Companies extend their software infrastructures with Oracle|TimesTen products so they can provide systems that are instantly responsive, highly scalable and continuously available.

About Oracle

Oracle Corporation is the world's largest enterprise software company. More information about Oracle can be found on the web at http://www.oracle.com

Trademarks

Oracle, JD Edwards, PeopleSoft, Retek TimesTen, MicroLogging and Direct Data Access are registered trademarks of Oracle Corporation and/or its affiliates. Other names may be trademarks of their respective owners.

Contact Info

Letty Ledbetter
Oracle
+1.650.506.8071
letty.ledbetter@oracle.com

Bob Wynne
Oracle
+1.650.506.5834
bob.wynne@oracle.com