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.