News Stay informed about the latest enterprise technology news and product updates.

Oracle acquires cloud access security broker Palerra

At its OpenWorld Conference in San Francisco, Oracle announced an agreement to acquire cloud access security broker startup Palerra to get into the CASB market.

The number of stand-alone cloud access security brokers continued to shrink this week with Oracle's agreement to...

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. 

Next Steps

Find out how a cloud access security broker can improve enterprise security

Get advice on buying the right cloud access security broker platform

Read more on why cloud IAM policies need to be improved

Dig Deeper on Cloud Computing Software as a Service (SaaS) Security

PRO+

Content

Find more PRO+ content and other member only offers, here.

Join the conversation

1 comment

Send me notifications when other members comment.

By submitting you agree to receive email from TechTarget and its partners. If you reside outside of the United States, you consent to having your personal data transferred to and processed in the United States. Privacy

Please create a username to comment.

How will Oracle's acquisition of Palerra affect the CASB market?
Cancel

-ADS BY GOOGLE

SearchSecurity

SearchCloudComputing

SearchAWS

SearchCloudApplications

SearchServerVirtualization

SearchVMware

ComputerWeekly

Close