Oracle buys VC-backed Palerra


Oracle announced it has agreed to buy venture-backed Palerra for an undisclosed price. The Santa Clara, California-based provider of enterprise cloud security had raised $25 million in funding from August CapitalNorwest Venture Partners, Wing Venture Capital and Engineering Capital.

The company was formerly known as Apprity and emerged from stealth in late 2014.

Source: Press release

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