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March 26, 2007
Oracle Buys Data Grid Leader Tangosol
Oracle 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 www.oracle.com/tangosol.
Source: Oracle Corp.
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