Oracle has signed an agreement to acquire Palerra, working to add the company’s Cloud Access Security Broker (CASB) product ’Loric’ to Oracle’s Identity Cloud Service (IDaaS).
Terms of the deal were not disclosed, with the transaction subject to the usual regulatory hurdles.
“We think this is an important addition to our overall cloud security portfolio,” Oracle executive chairman and CTO Larry Ellison said in the Oracle OpenWorld conference keynote.
“[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.”
Rohit Gupta, CEO and co-founder of Palerra, said in a blog post: “Palerra has been a pioneer in this new generation of CASB, with a focus on protecting both information and infrastructure in the Cloud.
“With cutting-edge security monitoring, and an unparalleled focus on automation, all built on an API-centric big data platform, Palerra protects mission-critical Cloud workloads for enterprises in every major industry vertical. And we do this while ensuring no change in user behavior – securing usage from any location, from any device, and at any time.
“Together, Oracle and Palerra will help accelerate cloud adoption securely by providing comprehensive identity and security cloud services.”
Previously known as Apprity, California-based Palerra had raised $25 million in funding from August Capital, Norwest Venture Partners, Wing Venture Capital and Engineering Capital. The two companies will continue operating independently until the transaction is completed.
Oracle has made several deals to beef up its cloud this year, including the $9.3 billion purchase of NetSuite in July and the acquisition of cloud-based warehouse management application provider LogFire earlier this month.