Oracle acquires compliance and security firm Palerra
One of Oracle's newest business mergers corresponds with its interest in cloud-facing technology. In a Sept. 18 statement, the company announced that it will purchase Palerra, the business behind the cloud security system LORIC.
The press release specifically noted that the pair of participating businesses will be able to use two of their products alongside each other: the Identity Cloud Service from Oracle and the Cloud Access Security Broker product from Palerra. Together, these solutions offer a chance for transparent and enhanced cloud-based activities.
While it did mention the cloud service by name, Oracle's statement declined to list other particular detailed uses of Palerra's offerings, saying that it is "reviewing the existing Palerra product roadmap." However, a presentation on this subject included with the release explained that security issues remain a major issue for those considering the public cloud.
According to data from Crowd Research Partners in the presentation, the vast majority of organizations (91 percent) are concerned about the security issues involved with using cloud computing. The same source noted the variety of different company functions heading into the cloud, including customer, employee and financial data.
The presentation also outlined the several ways LORIC could help with security concerns, including through monitoring, automated IT response and risk assessments to discover issues before they become noticeable threats.
Oracle considers Palerra's security measures to be "comprehensive" and a proper fit for its user base. It also values the automated nature of LORIC, since this system can respond to incidents and make changes on its own.
Fortune placed this acquisition alongside some of Oracle's others, including the management software option NetSuite, involved in a merger announced this July. That deal was reportedly worth $9.3 billion and, like the more recent one, also concerns cloud use.