Monday, 26 March 2007

Oracle Beefs Up Middleware, Snaps Up Tangosol

Oracle has added in-memory data grid software provider Tangosol to its shopping bag. Oracle intends to add Tangosol's product, Coherence Data Grid to the Oracle Fusion Middleware. Coherence Data Grid is a piece of software aimed at 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 is expected to provide an integrated platform for businesses moving to this new model of transaction processing.

Data grid software is used to increases application performance by providing fast, distributed access to frequently used data. "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," said Oracle Senior Vice President Thomas Kurian.

"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."

The transaction is subject to customary conditions and is expected to close in April 2007. Financial details were not disclosed.