In October 2005, Oracle Corporation acquired Innobase OY, the Finnish company that developed the third-party InnoDB storage engine that allows MySQL to provide such functionality as transactions and foreign keys. After the acquisition, an Oracle press release mentioned that the contracts that make the company's software available to MySQL AB would be due for renewal (and presumably renegotiation) some time in 2006. During the MySQL Users Conference in April 2006, MySQL AB issued a press release that confirmed that MySQL AB and Innobase OY agreed to a "multi-year" extension of their licensing agreement.