Oracle Acquires Compliance Vendor
Oracle Corp. plans to expand its governance and compliance offering with its acquisition of LogicalApps, announced this week.
No purchase price was disclosed.
LogicalApps’ software helps companies manage regulatory compliance. Its technology enables detection, prevention, monitoring, and reporting of financial and operational risk. The software
is embedded in enterprise applications and can prevent the misuse of customer data or financial fraud by, for example, preventing employees from processing unsigned requisitions or ensuring they don’t inappropriately change financial information.
According to Oracle, a growing range of companies must comply with an increasing number of regulations, in addition to the financial requirements of Sarbanes-Oxley, creating demand for compliance products.
LogicalApps was founded in 2000 and employs 130.
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