Oracle Upgrades GRC with LogicalApps

By Greg McNevin

October 12, 2007: Oracle has further extended its Governance, Risk and Compliance (GRC) capabilities this week, with the announcement that it has acquired automated GRC solution provider LogicalApps.

The deal continues the buying spree Oracle has been on since its 2005 acquisition of PeopleSoft, and marks the 35th firm it has picked up in the last few years.

This acquisition further extends Oracles stoush with sector competitor SAP, particularly in light of SAP’s 2006 acquisition of GRC specialist Virsa Systems.

LogicalApps says its technology helps enforce proper segregation of duties in enterprise applications, reduces fraud using preventative controls, and provides evidence of a proper control environment. It is expected to be integrated across Oracle’s range of products, enabling it to provide real-time policy enforcement for critical business processes into its offerings.

“Regulatory compliance and the associated risk is a top priority for business executives today,” said Oracle President Charles Phillips. “This acquisition underscores Oracle’s commitment to building a comprehensive, open and integrated GRC application suite. Companies will now be able to simplify compliance with multiple, complex regulatory requirements while improving business operations.”

The deal is expected to close in November this year, financial terms were not disclosed.

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