Oracle buys LogicalApps, a corporate governance software co.
Oracle, the large database and application company, keeps on acquiring companies.
Its latest purchase is LogicalApps, an Irvine, Calif company that offers corporate governance, risk and compliance management software.
LogicalApps was backed by Mission Ventures and Sequoia capital.
From the statement:
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.
Next Story: McAfee buys Safeboot, enterprise mobile security co., for $350M
Previous Story: New Leaf raises $450M life-sciences fund
About the Author, Matt Marshall
Matt launched VentureBeat in September of 2006, with the realization that no one else was covering the entrepreneurial and tech innovation scene with the velocity or depth that he was. Prior to founding VentureBeat, he covered venture capital for the San Jose Mercury News from 2001 to 2006. In 2002, Matt was awarded "Journalist of the Year" by the Northern California Society of Professional Journalists. Prior to working at the Merc, he was a correspondent for the Wall Street Journal in Bonn, Germany from 1995 to 1998, and a writer for the Washington Post in 1994. Matt holds a PhD in Government and an MA in German and European Studies from Georgetown University. In addition to VentureBeat, Matt is also the Executive Producer of DEMO, the leading launchpad event for emerging technologies.












