Palerra, a cloud security startup co-founded by Oracle alums Rohit Gupta and Ganesh Kirti, announced Monday that it has entered into a definitive agreement to be acquired by Oracle.
The acquisition is aimed at accelerating cloud adoption securely by providing comprehensive identity and security cloud services, wrote Gupta in a blog post.
“The combination of Oracle’s Identity Cloud Service and Palerra’s CASB platform plan to deliver comprehensive protection for users, applications and APIs, data, and infrastructure to secure enterprises in their adoption of Cloud and SaaS applications,” Gupta said.
Palerra protects mission-critical Cloud workloads for enterprises in every major industry vertical, with cutting-edge security monitoring, and an unparalleled focus on automation, all built on an API-centric big data platform, wrote Gupta.
The terms of the deal were not disclosed.