May 23, 2011 – Software AG announced a deal to purchase in-memory and cloud application provider Terracotta Inc. for an undisclosed sum.
Terracotta would become the in-memory technology backing Software AG’s products, adding capabilities for cloud adoption, enterprise Java caching and storage of up to one terabyte, according to a news release on the deal. Software AG stated the deal will bring enhancements to its mobile and virtualization business process offerings, including the expected rollout of combined products by the end of this year and a platform as a service cloud release in 2012.
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