Oracle

(ORCL) - Get Report

signed a pact to acquire

TimesTen

, 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

Amdocs

,

Avaya

,

Cisco

and

United Airlines

, among others, Oracle said.

According to TimesTen's Web site, the company was founded in 1996 as a spinout from

Hewlett-Packard

(HPQ) - Get Report

. The company's corporate offices are based in Mountain View, Calif.

Shares of Oracle, Redwood City, Calif., closed Wednesday at $12.67.