Oracle will acquire cloud security vendor Palerra

Palerra’s Cloud Access Security Broker will extend Oracle Identity Cloud Service

Oracle has agreed to acquire Palerra, a vendor of software for securing cloud services, as part of its strategy to provide customers comprehensive identity and security cloud services

Palerra offers a Cloud Access Security Broker product called Loric that offers a combination of visibility into cloud usage, data security, user behavior analytics, and security configuration, with automated incident responses.

"We think this is an important addition to our overall cloud security portfolio," Larry Ellison, Oracle's executive chairman and chief technology officer said in his keynote Sunday at the Oracle OpenWorld conference. "It [Security] is job one at Oracle. We'll keep building, and when we find a supplier out there who is doing good work, we'll buy them."

The financial terms of the proposed acquisition were not disclosed. The transaction is subject to customary closing conditions, and the two companies will continue to operate independently until the completion of the deal. The Palerra leadership and team will join Oracle after the acquisition, according to the startup.

Founded in 2013, Palerra is a privately held company backed by Norwest Venture Partners, Wing Venture Capital, and August Capital.

“Along with the dramatic expansion of Cloud technologies in the enterprise, security for the Cloud has become a top business priority,” wrote Rohit Gupta, CEO and cofounder of Palerra in a blog post.

Oracle expects to combine its own Oracle Identity Cloud Service (IDaaS) with Palerra’s CASB service, to “deliver comprehensive protection for users, applications and APIs, data, and infrastructure to secure customer adoption of cloud,” wrote Peter Barker, senior vice president of identity management and security products at Oracle, in a letter to customers and partners.

The Redwood Shores, California company said it is currently reviewing Palerra’s product roadmap and will be providing guidance to customers at a later date. Oracle promised Palerra customers better integration and alignment with the software giant’s other product offerings.

Oracle has been acquiring cloud computing companies to shore up its horizontal offerings as well as to focus on certain vertical industries such as utilities and the construction industry. In July, it said it would pay US$9.3 billion for NetSuite, a provider of cloud-based applications, such as for financial management, enterprise resource planning, e-commerce and retail management.

Earlier this month, it said it would acquire LogFire, a provider of cloud-based warehouse management applications in Atlanta, Georgia, to improve the features of its supply chain management cloud offering.

Join the CSO newsletter!

Error: Please check your email address.

More about NetSuiteNorwestOracle

Show Comments

Featured Whitepapers

Editor's Recommendations

Solution Centres

Stories by John Ribeiro

Latest Videos

  • 150x50

    CSO Webinar: The Human Factor - Your people are your biggest security weakness

    ​Speakers: David Lacey, Researcher and former CISO Royal Mail David Turner - Global Risk Management Expert Mark Guntrip - Group Manager, Email Protection, Proofpoint

    Play Video

  • 150x50

    CSO Webinar: Current ransomware defences are failing – but machine learning can drive a more proactive solution

    Speakers • Ty Miller, Director, Threat Intelligence • Mark Gregory, Leader, Network Engineering Research Group, RMIT • Jeff Lanza, Retired FBI Agent (USA) • Andy Solterbeck, VP Asia Pacific, Cylance • David Braue, CSO MC/Moderator What to expect: ​Hear from industry experts on the local and global ransomware threat landscape. Explore a new approach to dealing with ransomware using machine-learning techniques and by thinking about the problem in a fundamentally different way. Apply techniques for gathering insight into ransomware behaviour and find out what elements must go into a truly effective ransomware defence. Get a first-hand look at how ransomware actually works in practice, and how machine-learning techniques can pick up on its activities long before your employees do.

    Play Video

  • 150x50

    CSO Webinar: Get real about metadata to avoid a false sense of security

    Speakers: • Anthony Caruana – CSO MC and moderator • Ian Farquhar, Worldwide Virtual Security Team Lead, Gigamon • John Lindsay, Former CTO, iiNet • Skeeve Stevens, Futurist, Future Sumo • David Vaile - Vice chair of APF, Co-Convenor of the Cyberspace Law And Policy Community, UNSW Law Faculty This webinar covers: - A 101 on metadata - what it is and how to use it - Insight into a typical attack, what happens and what we would find when looking into the metadata - How to collect metadata, use this to detect attacks and get greater insight into how you can use this to protect your organisation - Learn how much raw data and metadata to retain and how long for - Get a reality check on how you're using your metadata and if this is enough to secure your organisation

    Play Video

  • 150x50

    CSO Webinar: How banking trojans work and how you can stop them

    CSO Webinar: How banking trojans work and how you can stop them Featuring: • John Baird, Director of Global Technology Production, Deutsche Bank • Samantha Macleod, GM Cyber Security, ME Bank • Sherrod DeGrippo, Director of Emerging Threats, Proofpoint (USA)

    Play Video

  • 150x50

    IDG Live Webinar:The right collaboration strategy will help your business take flight

    Speakers - Mike Harris, Engineering Services Manager, Jetstar - Christopher Johnson, IT Director APAC, 20th Century Fox - Brent Maxwell, Director of Information Systems, THE ICONIC - IDG MC/Moderator Anthony Caruana

    Play Video

More videos

Blog Posts

Market Place