Founded in 2013, Palerra will join Oracle to help them extend the Oracle Identity Cloud Service with an innovative Cloud Access Security Broker. However the transaction is subject to customary closing conditions and until it closes, both companies will operate independently.
Oracle announced a new corporate acquisition this Sunday. In a move that aims to improve its cloud-related services, the American multinational computer technology corporation signed an agreement to acquire Palerra. With a history of only three years behind, Palerra was founded to "enable and accelerate enterprise adoption of Cloud and SaaS applications by reducing security concerns."
According to Oracle, "Palerra offers a unique combination of visibility into cloud usage, data security, user behavior analytics, and security configuration, with automated incident responses." The main goal of this purchase is to enable Oracle to extend its Identity Cloud Service with an innovative Cloud Access Security Broker (CASB).
As it usually happens with such agreements, the financial terms of the Oracle-Palerra deal have not been disclosed yet. Since the transaction is subject to customary closing conditions, the two companies involved will continue to operate independently until it closes. Once this happens, the entire Palerra team will join Oracle.
Codrut Nistor - Senior Tech Writer - 5990 articles published on Notebookcheck since 2013
In my early school days, I hated writing and having to make up stories. A decade later, I started to enjoy it. Since then, I published a few offline articles and then I moved to the online space, where I contributed to major websites that are still present online as of 2021 such as Softpedia, Brothersoft, Download3000, but I also wrote for multiple blogs that have disappeared over the years. I've been riding with the Notebookcheck crew since 2013 and I am not planning to leave it anytime soon. In love with good mechanical keyboards, vinyl and tape sound, but also smartphones, streaming services, and digital art.
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