Currently, cloud security is underdeveloped, many people believing that the cloud storage units that they are using could leak information. This is why Oracle decided to buy Palerra.
Oracle is a corporation that offers many cloud applications, engineered systems and platform services. Meanwhile, Palerra is a Cloud Access Security Broker that makes the cloud applications safer to use.
The two are going to be in business together soon, although no financial terms were disclosed yet.
Palerra revealed that it is the first Cloud Access Security Broker to “automate the entire security lifecycle, from threat detection to remediation, in order to effectively combat cyber crime and keep enterprises secure.”
The product designed by Palerra is LORIC, a cloud security automatic platform. The platform combines predictive analytics, automated incident response, threat detection, and security configuration management. It makes the threats more visible and reads its client’s cloud footprint.
For Oracle, this is a big step in making their cloud applications more secure.
“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.”
This is an important alliance for Palerra too because it gives it access to a greater scale and resources.
Until the deal closes, the two companies are going to operate independently. After it does close, Gupta, the Palerra CEO, and Ganesh Kirti, chief technology officer, will be joining Oracle. Both of them say that they are very excited about joining Oracle and continue their entrepreneurial spirit.
Gupta reassures his customers that Palerra is going to provide the same “exceptional” services that they expect. Although Oracle said that the services developed by Palerra are going to be under Oracle’s standard product communication policies.
Palerra is not the only cloud company acquired by Oracle this year. In July Oracle bought NetSuite, a provider of cloud applications. It also acquired LogFire, a provider of cloud warehouse management applications.
These recent acquirements show that Oracle has been focusing on cloud computing companies in order to boost up its horizontal offerings. Oracle has also shown focus on certain vertical industries like construction and utilities.
What is your opinion about the cloud security ? Do you think that this Oracle purchase could make the cloud applications safer?