Oracle Buys Automated Applications Controls LogicalApps
October 2007 by Marc Jacob
Oracle announced that it has agreed to acquire LogicalApps, a leading provider of automated Governance, Risk and Compliance (GRC) controls management solutions. The acquisition will strengthen Oracle’s GRC application suite by integrating real-time policy enforcement for critical business processes.
LogicalApps delivers out-of-the-box automated application controls in the areas of access, setup and transaction monitoring. Its technology helps enforce proper segregation of duties in enterprise applications, reduces fraud using preventative controls, and provides evidence of a proper control environment. LogicalApps’ portfolio of control management solutions is expected to further strengthen Oracle’s comprehensive GRC applications suite, which helps customers manage compliance with multiple regulations, control IT and business process risk, and monitor GRC objectives and results.
The transaction is subject to customary conditions and is expected to close by November 2007. Financial details were not disclosed.
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