Oracle has acquired Tangosol, a provider of in-memory data grid software, which 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). 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.

According to 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) 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."

"Oracle and Tangosol can together address the need for a comprehensive data virtualisation strategy that can both relieve the load on backend infrastructures while maintaining or increasing performance," observed Tangosol CEO Cameron Purdy.