Oracle acquires Palerra
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.