Oracle buys LogicalApps
ConvergenceAsia staff
11/10/2007

Enterprise software company Oracle has entered into an agreement to acquire LogicalApps, a provider of automated Governance, Risk, and Compliance (GRC) controls for enterprise applications.

This acquisition underscores Oracle's commitment to building a comprehensive, open and integrated GRC application suite, said Oracle President Charles Phillips.

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.

With LogicalApps' automated control capabilities, Oracle plans to extend its GRC application suite after the closing to deliver a closed-loop solution that manages both enterprise-wide GRC processes and enforcement of automated controls within one system.

The companies expect to close the transaction by November 2007.

advertisement