Oracle aims at mainstream with updated in-memory database

IDG News Service - Oracle Corp. today released an update to the TimesTen in-memory database it acquired a few months ago and plans to promote the product to a broader audience of enterprise customers.
In-memory databases typically reside in the midtier alongside applications and store data in main memory rather than on disk, allowing it to be retrieved very quickly. They are used for applications where extremely fast response times are critical, such as in the financial services, telecommunications and networking industries.
Investment houses use TimesTen to store current stock price information, for example, which they need to quickly make trading decisions. Mobile operators use the software for billing, so that they can quickly determine whether a caller has enough prepaid credit to place a call.
TimesTen Inc. was based in Mountain View, Calif., and had 90 employees and about 1,500 customers, including J.P. Morgan Chase & Co., Sprint Corp. and United Air Lines Inc. Oracle announced that it had bought the company in June.
Oracle now hopes to sell the TimesTen product beyond vertical markets and into the general enterprise. To do so it will need to persuade companies that they need to buy a specialized type of database to boost their application response times.
An in-memory database could be useful for providing up-to-the-second information for business intelligence applications, according to Tim Payne, vice president of technology marketing for Oracle EMEA. It could also provide faster access to customer records in a call center, so a company could provide faster service to its best customers, he said.
"It's not a technology that's applicable to every application. It's designed for where you can store all your data, or a subset of it, in memory, and where you need a very fast response time," he said. "We think with Oracle's distribution channel and the latest release of TimesTen we can now make in-memory databases mainstream."
Version 6 of the product, available for download, offers a fourfold increase in cache update performance, according to Oracle. Cache load times have also significantly improved. The product now works with the latest version of Oracle's database, Oracle 10g Release 2, and supports newer SQL and Java application programming interfaces, including JDBC 3.0, Payne said.
Oracle plans to make a future release of TimesTen compatible with its Real Application Clusters technology. It will also be available in more languages, Payne said, although he couldn't be specific.
Pricing starts at $12,000 per CPU for the base TimesTen product with up to 2GB of memory. It rises to $18,000 for up to