signed a pact to acquire
, a privately held supplier of real-time data management software, in a deal the companies expect to close by the end of July.
Financial terms weren't disclosed.
TimesTen provides software for managing events, transactions and data for applications in telecommunications, networking, securities trading and other industries. TimesTen's customers include
, among others, Oracle said.
According to TimesTen's Web site, the company was founded in 1996 as a spinout from
. The company's corporate offices are based in Mountain View, Calif.
Shares of Oracle, Redwood City, Calif., closed Wednesday at $12.67.