Oracle acquires Palerra in cloud security move
Oracle announced on Sunday the acquisition of Palerra, a cloud access security broker, for an undisclosed sum, as it looks to boost its Oracle Identity Cloud Service.
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"Together, Oracle and Palerra will help accelerate cloud adoption securely by providing comprehensive identity and security cloud services," wrote Rohit Gupta, co-founder of Palerra, in a blog post.
Until the transaction closes, Ocracle and Palerra will continue to operate independently.
"The combination of Oracle Identity Cloud Service (IDaaS) and Palerra's CASB solution plan to deliver comprehensive protection for users, applications and APIs, data, and infrastructure to secure customer adoption of cloud," wrote Oracle on the acquisition.
Palerra allows its customers to monitor and quickly respond to suspicious activity. Founded in 2013, Palerra is a privately held company backed by Norwest Venture Partners, Wing Venture Capital, and August Capital.
Oracle will kick off its OracleWorld conference on Sunday, with an introduction from CEO Larry Ellison.