Oracle will acquire cloud security vendor Palerra
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.”