Oracle To Acquire In-Memory Database Vendor - InformationWeek
Software // Information Management
12:51 PM
Connect Directly
Ransomware: Latest Developments & How to Defend Against Them
Nov 01, 2017
Ransomware is one of the fastest growing types of malware, and new breeds that escalate quickly ar ...Read More>>

Oracle To Acquire In-Memory Database Vendor

TimesTen's database is used by telecommunications and financial trading companies for a range of real-time applications.

Oracle is acquiring TimesTen Inc., a privately held supplier of in-memory database software most frequently used in high-performance applications in telecommunications and financial trading.

No price was announced for the acquisition of the profitable, 8-year-old company. Most of its 90 employees will be retained, Andy Mendelsohn, Oracle senior VP for server technologies, said in a conference call Thursday. Oracle expects to complete the acquisition in July.

TimesTen customers include wireless phone service providers, such as Sprint and T-Mobile, that use the TimesTen database within their billing systems to swiftly check customers' account balances as they place calls. That involves calculating how much the first two minutes of the call will cost versus the amount left in the customer's account. Such billing systems check account balances every two minutes during the call, said Jim Groff, CEO of TimesTen. Another TimesTen user is Amdocs Ltd., which builds TimesTen into its billing software for telecommunications companies and Internet service providers.

Mendelsohn said Oracle and TimesTen databases were complementary products used for different applications. TimesTen uses data delivered at high speed from a computer system's RAM. It's referred to as a real-time system because of the speed at which it can operate, and it's usually closely linked to the operations of a particular application. Time-sensitive data used by TimesTen can be drawn in advance from a back-end database such as Oracle. Both are relational database systems, Mendelsohn said.

Some call centers use TimesTen to access essential customer data as calls come in, allowing the call-center representative to view recent customer-interaction data on a screen while speaking with the customer, Groff said.

TimesTen has a packaged product, TimesTen Cache, that links the TimesTen system to Oracle's database and synchronizes data changes between the two. The company has not produced links for other databases, Groff said.

About half of TimesTen customers are also Oracle customers, many of them in the telecommunications industry, Mendelsohn said. Other customers include Avaya, Cisco Systems, Ericsson, JP Morgan, Lucent NEC, Nokia, and United Airlines. Altogether TimesTen has 1,500 customers using its system, Groff said.

"Oracle customers have been building caching systems with proprietary code in the middle tier for years," Mendelsohn said.

The TimesTen system runs under Unix from Sun Microsystems, IBM, and Hewlett-Packard, as well as Linux and Windows.

The TimesTen acquisition will be a focus of the Oracle consulting organization with customers seeking to build high-performance systems, Mendelsohn said. TimesTen will work with other database systems, he said, just as Oracle Application Server does. But he stopped short of saying additional products will be produced that enable TimesTen to link to competing database systems. Mendelsohn said that will depend on customer demand.

Comment  | 
Print  | 
More Insights
Newest First  |  Oldest First  |  Threaded View
How Enterprises Are Attacking the IT Security Enterprise
How Enterprises Are Attacking the IT Security Enterprise
To learn more about what organizations are doing to tackle attacks and threats we surveyed a group of 300 IT and infosec professionals to find out what their biggest IT security challenges are and what they're doing to defend against today's threats. Download the report to see what they're saying.
Register for InformationWeek Newsletters
White Papers
Current Issue
2017 State of IT Report
In today's technology-driven world, "innovation" has become a basic expectation. IT leaders are tasked with making technical magic, improving customer experience, and boosting the bottom line -- yet often without any increase to the IT budget. How are organizations striking the balance between new initiatives and cost control? Download our report to learn about the biggest challenges and how savvy IT executives are overcoming them.
Twitter Feed
Sponsored Live Streaming Video
Everything You've Been Told About Mobility Is Wrong
Attend this video symposium with Sean Wisdom, Global Director of Mobility Solutions, and learn about how you can harness powerful new products to mobilize your business potential.
Flash Poll