Cybersecurity Market Review
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Oracle Acquires Palerra To Boost Its Security Stack<br />
Palerra Is The Latest CASB To Be Acquired In The <strong>Market</strong>.<br />
Transaction Overview<br />
Date:<br />
9/18/2016<br />
Palerra Overview<br />
The LORIC platform provides threat visibility and ensures compliance of your cloud footprint by combining threat detection, predictive<br />
analytics, security configuration management, and automated incident response into a single solution.<br />
acquires<br />
Total Raised:<br />
HQ:<br />
$25M<br />
Santa Clara, CA<br />
Threat Detection<br />
LORIC identifies existing threats to your cloud footprint<br />
by leveraging real-time threat intelligence feeds and<br />
machine learning techniques<br />
Predictive Analytics <br />
LORIC’s patent-pending modeling techniques evaluate<br />
risks across hundreds of threat vectors to provide you<br />
with a concise summary of potential threats. <br />
LORIC <br />
Automated Incident Response<br />
LORIC keeps enterprises secure by automating<br />
responses to threats with forensics, incident<br />
management, orchestration and remediation.<br />
Security Configuration Management<br />
LORIC eliminates labor intensive, error prone manual<br />
processes and manages security configurations within<br />
cloud applications.<br />
Founded:<br />
2013<br />
From branded cloud applications to cloud infrastructure, LORIC is constantly growing its list of supported cloud services<br />
Cloud Security<br />
CEO:<br />
Rohit Gupta<br />
Funding Summary: $25.0M<br />
Date Stage Amount Raised ($M) Selected Investors<br />
Apr 2016 Series B<br />
17.0<br />
Feb 2014 Series A<br />
8.0<br />
Transaction Rationale<br />
“Together, Oracle and Palerra will help accelerate cloud adoption securely by providing comprehensive identity and<br />
security cloud services. The combination of Oracle’s Identity Cloud Service and Palerra’s CASB platform plan to deliver<br />
comprehensive protection for users, applications and APIs, data, and infrastructure to secure enterprises in their adoption<br />
of Cloud and SaaS applications.”<br />
– Peter Barker, SVP Identity Management and Security Products at Oracle<br />
Source: Company press releases and websites, 451 Research. 19
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