Oracle to buy cloud security vendor Palerra
As part of its strategy to provide customers with an all-inclusive identity and security cloud service, Oracle has agreed to acquire Palerra, a cloud security company.
Palerra is a leading Cloud Access Security Broker (CASB) that works to enable organisations to protect business-critical cloud infrastructure with its product LORI - the cloud security automation platform.
In an online letter to partners and customers, Peter Barker, SVP of Identity Management and Security Products at Oracle addressed the announcement.
Barker says the proposed transaction is subject to customary closing conditions, and that until it officially closes, both companies will operate independently.
“Palerra’s innovative CASB product LORIC protects and assures compliance of applications, workloads and sensitive data stored across cloud services,” explains Barker.
“Palerra offers a unique combination of visibility into cloud usage, data security, user behaviour analytics, and security configuration, with automated incident responses,” he writes.
For customers, Barker ensures the deal means that they will have real-time responses to cloud security incidents, in turn protecting sensitive company data and workloads across all leading cloud services.
The software provider says that with Palerra, the two companies will work to accelerate cloud adoption securely by providing comprehensive identity and security cloud services.
With Oracle’s Identity Cloud Service (IDaaS) and Palerra’s CASB solution plan, the organisations claim they’ll work together to deliver comprehensive protection for users.
While the company is currently reviewing the existing Palerra product roadmap it explains that it will still provide guidance to customers in accordance with its standard product communication policies.
Oracle also mentions that the Palerra team will join Oracle, bringing ‘significant knowledge and capabilities’ to the company.