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Home > Oracle Database / Applications News > Bharosa to give Oracle users transaction security |
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That's where Oracle's acquisition of security software maker Bharosa Inc. comes in. Bharosa, which is based in Santa Clara, Calif. and focuses on identity management and fraud prevention, excels at identifying suspicious transactions that occur on a network, and that strength will fill a key hole in Oracle's security lineup, according to experts. "Bharosa is in the business of providing fraud detection for online transactions," said Andrew Jaquith, an IT security analyst with Boston-based Yankee Group. "The reason you authenticate the transaction is because merely authenticating the user isn't good enough in a lot of cases." Oracle yesterday revealed plans to buy Bharosa for an undisclosed sum. The company boasts 25 million users and will become Oracle's 32nd acquisition in a multiyear buying spree that included the takeovers of CRM giants PeopleSoft Corp. and Siebel Systems Inc. The deal is expected to close sometime in August. Bharosa is also the latest in a laundry list of acquisitions meant to shore up Oracle's identity management-related capabilities. Other identity management firms Oracle has purchased include Oblix Inc., Thor Technologies Inc. and OctetString Inc. "What Oracle has wanted to do is two-fold," said Jaquith. "First, Oracle wants to provide a consistent set of identity frameworks for its own products, because it has a fairly diversified set of e-business products. Secondly, they would like to be a credible provider of identity solutions in their own right, with a full portfolio of offerings."
The Bharosa deal was announced just one day after Oracle issued fixes for 45 security flaws across its product lines. Many of the flaws could be exploited by attackers without proper usernames and passwords, according to Oracle. In addition to helping users authenticate the validity of transactions, Bharosa offers the ability to confirm the identity of users who enter networks through mobile devices. The company's list of customers includes several financial services firms such as Wells Fargo & Co., Sterling Financial Corp. and Sky Financial Group. A competitive buy? Oracle's Bharosa acquisition may at least in part be a response to IBM, storage giant EMC and other major software vendors who have built up their anti-fraud and identity management portfolios in recent years amid a torrent of high-profile incidents of identity theft. Analysts say that one of Bharosa's key competitors is EMC's Cyota arm, a provider of online security and anti-fraud products. Cyota was purchased by RSA Security in 2005. Then EMC bought RSA about a year ago. "[Bharosa] is essentially a competitive acquisition in the sense that you want to have identity plays that enable you to authenticate, but you also want to have a company in your portfolio of products that allows you to gauge the trustworthiness and the relative risk of particular transactions," Jaquith said. Charles King, principal analyst with Hayward, Calif.-based Pund-IT Research, said recent consolidation in the field of identity management and fraud detection is symptomatic of a larger issue. "Over the past couple of years there has been a growing recognition that identity management is really a base or a core technology that isn't simply something that you add on anymore," King said. "Larger vendors are really seeing identity management as a key part of many other business processes and applications that they're supporting." Where Oracle could use an identity management boost It's unclear where Oracle will focus its identity management efforts next, but Jaquith said he'd like to see the software goliath spend more time working with emerging Internet identity standards such as Windows CardSpace and OpenID. "I think that's something that they'll probably need to spend a little more energy on," he said, "but whether or not they'll need to do an acquisition is hard to tell."
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