The number of stand-alone cloud access security brokers continued to shrink this week with Oracle's agreement to...
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acquire Santa Clara, Calif.-based startup Palerra.
Terms of the deal were not disclosed. Oracle announced the acquisition Sunday at the start of its annual OpenWorld conference in San Francisco. Palerra, which was founded in 2013, provides CASB services, including cloud application discovery, user analytics and incident response, through its LORIC platform. Palerra uses an API-focused approach to apply LORIC's security controls to third-party cloud applications.
While the CASB market has traditionally been focused on SaaS and cloud app security, Palerra broadened its approach this year with the introduction of LORIC AWS Security, which integrates the LORIC platform with Amazon Inspector to cloud visibility, compliance and threat protection controls to AWS instances.
In its statement, Oracle said it planned to combine Palerra's CASB platform with its own cloud identity offering. The company also said Palerra and Oracle would continue to operate independently until the transaction closes.
"Together, Oracle and Palerra will help accelerate cloud adoption securely by providing comprehensive identity and security cloud services," wrote Peter Barker, senior vice president of identity management and security products
Oracle, in an open letter. "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."
"Together with the team at Oracle, we look forward to continuing to delight our customers and expand our innovation in cloud security," wrote Palerra Founder and CEO Rohit Gupta in a blog post. "Once the transaction closes, my co-founder Ganesh and I and the Palerra team will be excited to join Oracle and continue our entrepreneurial spirit at a much greater scale."
Palerra is the latest CASB to be acquired in a market that has seen several acquisitions over the last year and a half. Most recently, Cisco acquired CloudLock, a CASB startup based in Waltham, Mass., for $293 million, while Blue Coat Systems bought Elastica, a San Jose, Calif-based CASB, last November for $280 million.
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