Oracle acquires Palerra to ramp up its cloud security stack

Oracle, cloud applications and platform services provider, has acquired California-based Palerra, a cloud security startup that helps organizations protect their business-critical cloud infrastructure and data. Terms of the deal, subject to customary closing conditions, were not disclosed. According to the Palerra blogpost, with the dramatic expansion of cloud technologies in the enterprise, security for the Cloud has become a top business priority. Hence, it explains, the need of the hour is to get better visibility, achieve rapid value, and deliver peace of mind to their end-users who access their cloud applications, while making it a seamless and secure user experience. With this acquisition, Oracle and Palerra aim to help accelerate cloud adoption securely by providing comprehensive identity and security cloud services. Palerra’s CASB (Cloud Access Security Broker) product called LORIC, which is designed to protect and assure compliance of applications, will be integrated into Oracle’s Identity Cloud Service (IDaaS) to boost its security stack.
“Palerra offers a unique combination of visibility into cloud usage, data security, user behavior analytics, and security configuration, with automated incident responses. Customers can respond to cloud security incidents in real-time, protecting sensitive company data and workloads across all of the leading cloud services,” read, the Oracle blogpost.
The duo has also revealed plans to deliver comprehensive protection for users, applications and APIs, data, and infrastructure to secure enterprises in their adoption of cloud and SaaS applications.
“Together with the team at Oracle, we look forward to continuing to delight our customers and expand our innovation in cloud security. Once the transaction closes, my co-founder Ganesh and I and the Palerra team will be excited to join Oracle and continue our entrepreneurial spirit at a much greater scale,” mentioned Rohit Gupta, Co-Founder and CEO, Palerra in his blogpost.
Until the transaction closes, Oracle and Palerra will continue to operate independently.

Abhinav Mohapatra

An author who has a keen interest for the ‘off-beat’ <!--more-->An author who has a keen interest for the ‘off-beat’, he has covered and explored multiple facets of the marketing, advertising

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