Palerra

Palerra — the software developer founded in 2013, used for information protection of cloud services. A main product of the company is the Loric platform which allows customers to automate process of detection of threats, response to  incidents, analytics , etc.  based on cloud infrastructure.

2016: Oracle buys Palerra

In September, 2016 Oracle announced purchase of Palerra within the strategy directed to delivery to clients of complex instruments of identification and protection of cloud services. The cost of the transaction does not reveal.

After that, all concerning sales of Palerra of formality will be executed, the leading and normal employees of a startup will join Oracle. At the same time the companies will still work independently the friend about the friend.

Oracle buys software developer for cloud security of Palerra

The founder and the chairman of the board of directors of Oracle Larry Ellison said that the solutions Palerra will become important addition of a product portfolio of cloud security of Oracle.

Security is paramount work in Oracle. We will continue to build it and when we find the supplier capable it is good to perform this work, we will purchase it, - Ellison noted.

Oracle is going to integrate the solution Oracle Identity Cloud Service with Loric service for "providing a comprehensive protection of users, applications, API functions, data and infrastructure for the purpose of safe implementation of clouds by clients", the senior vice president for cybersecurity products of Oracle Peter Barker in the letter directed to clients and partners wrote.

Oracle also reported that the company reviews a product portfolio of Palerra and later will provide to clients recommendations for use of these or those solutions. Oracle promised users of Palerra effective integration and the coordinated work of products of this company with software of Oracle.^[1]

See Also

• Merger of Oracle

Notes