Eyeing Amazon, Oracle Kicks Off OpenWorld Conference with Cloud Acquisition

For some time, Oracle has made it clear it intends to challenge Amazon Web Services' place at the top of the cloud services heap. And the company underscored those ambitions during yesterday's kickoff of its OpenWorld convention in San Francisco by announcing its acquisition of cloud security startup Palerra for an undisclosed amount.

In his opening keynote at the conference. executive chairman and chief technology officer Larry Ellison (pictured above), called the Palerra deal a "very important acquisition." He added that Oracle plans to continue expanding its cloud services portfolio to take a lead in the "new era of utility computing."

Founded in 2013, the Santa Clara, Calif.-based Palerra claims to be the first cloud access security broker (CASB) to "automate the entire security lifecycle, from threat detection to remediation, in order to effectively combat cybercrime and keep enterprises secure." Palerra's flagship product, LORIC, provides enterprise customers with a unified platform for managing security across their entire cloud footprints.

Ellison: 'We'll Keep Building'

During his presentation, Ellison said the growth of utility computing is bringing "breathtaking change" to the information technology industry. He said that Oracle aims to dramatically boost its presence in that area to challenge its two key competitors, Amazon and Workday.

"This year, and this coming year, you'll see us aggressively moving into infrastructure as a service," Ellison said. "We'll keep building, and when we find a supplier who's done some innovative and important work, we'll buy them."

Oracle and Palerra will help companies securely adopt cloud computing cloud by providing comprehensive identity and security cloud services, Palerra co-founder and CEO Rohit Gupta wrote yesterday in a blog post on his company's Web site.

"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...

Comments are closed.