Oracle is commencing a major customer confab in San Francisco this week, and to mark the event, it's announced an acquisition. Oracle is purchasing Palerra, a cloud security company co-founded by Oracle alums Rohit Gupta (its CEO) and Ganesh Kirti (CTO).
The terms of the deal were not revealed but we will try to find out. Palerra was established in 2013 and was initially called Apprity. It raised $25 million with investors including Norwest Venture Partners and August Capital.
About Palerra
Palerra is a company that is currently focused on providing security automation for enterprise apps, covering not just data in the apps but as this data "moves across services and it offers several layers of protection across infrastructure and software services," as written about them a year ago. Given how many apps today integrate and exchange data by the method for APIs that makes for a noteworthy business.
The company will keep on serving its current clients as well as work more services for the future, Gupta notes in a blog entry announcing the news. Clients included VMware, Pitney Bowes and Jefferies. It also has collaborated with the likes of Microsoft.
When companies are facing more advanced cyber assaults than ever before, Palerra's feature set is in demand: it covers breach discovery, compliance, detecting insider threat and incident response. While Gupta and Oracle are not giving many details of the new product roadmap, Gupta also adds that they will be working on integrations with Oracle's platform.
Palerra will definitely bolster Oracles security even more
"Together, Oracle and Palerra will help accelerate cloud adoption securely by providing comprehensive security cloud services," he writes. "The combination of Oracle's Identity Cloud Service and Palerra's CASB platform plans to deliver a comprehensive protection for users, apps and APIs, data, and infrastructure to secure enterprises in their adoption of Cloud and SaaS applications."
New opportunities await for Oracle and Palerra
In his own blog, Oracle's security SVP Peter Barker stated that the solutions will cover "users, applications, and APIs." You can see how the company could apply it as an additional element covering its own enterprise software or as a standalone product much as it is sold today.
Oracle has made well more than 100 acquisitions to date, but very few in the area of security. Others also include Oblix in 2005 and device management startup Bitzer Mobile in 2013. This would surely usher in an age of unrivaled advancements and innovations in wireless technology, specifically cloud computing.
If one was to observe the trend of technology today, we have come a long way as the rate of change is exponentially increasing. The speed of innovation and technological advancement is ultra fast paced, and with it comes the need for man to adapt to an also faster rate.
Only time will tell if cloud computing will intertwine with our lives. One thing is for sure and that is cloud computing will shape the future of humanity in many ways.
