#oow16: Oracle acquires Pallera to boost Cloud platform Security

Oracle is buying Palerra, a cloud security startup co-founded by Oracle alums Rohit Gupta (its CEO) and Ganesh Kirti (CTO).

This was announced by Oracle Chairman and CTO, Larry Ellison, during his opening keynote at the 2016 Oracle Open World, in San Francisco, California.

However, Ellison did not disclose much details about the agreement with Pallera. Palerra was founded in 2013 and raised $25 million with investors including Norwest Venture Partners and August Capital.

Palerra was founded with a key vision of enabling and accelerating enterprise adoption of Cloud and SaaS applications by reducing security concerns. “Most importantly, we wanted to ensure that end-users were not impacted or impeded in their daily usage of Cloud and SaaS applications,” said Rohit Gupta, CEO of Pallera in a blog post.

The agreement is set to extend Oracle Identity Cloud Service with an innovative Cloud Access Security Broker (CASB). The proposed transaction is subject to customary closing conditions. Until the transaction closes, each company will continue to operate independently.

Palerra’s innovative CASB product LORIC protects and assures compliance of applications, workloads and sensitive data stored across cloud services. Palerra offers a unique combination of visibility into cloud usage, data security, user behavior analytics, and security configuration, with automated incident responses. Customers can respond to cloud security incidents in real-time, protecting sensitive company data and workloads across all of the leading cloud services.

“Together, Oracle and Palerra will help accelerate cloud adoption securely by providing comprehensive identity and security cloud services. 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,” read a statement by Peter Barker, SVP of Identity Management and Security Products

The Palerra team is expected to join Oracle, bringing significant knowledge and capabilities to Oracle.