Oracle today revealed plans to acquire LogicalApps, an Irvine, Calif.-based maker of automated governance, risk and compliance (GRC) software that gives users greater control over business processes.
The database and business applications heavyweight says LogicalApps will add real-time policy enforcement capabilities to the Oracle GRC Suite: a set of applications based primarily on technology Oracle acquired along with content management software provider Stellent Inc. in late 2006.
Oracle expects to close LogicalApps deal next month. Financial details of the agreement have not yet been disclosed.
"Our focus has really been on bringing solutions to market that help our customers enforce their policies in real time and automatically within their key systems of record," said Chris Capdevila, the founder of LogicalApps and Oracle's new senior vice president of strategy and corporate development.
The Oracle GRC Suite currently consists of two main components, GRC Intelligence and GRC Manager, said Chris Leone, an Oracle vice president of application strategy.
GRC Intelligence allows users to coordinate GRC initiatives throughout an organization by providing business users, such as the chief technology officer or the chief financial officer, with dashboards that are customized to individual roles, Leone said.
GRC Manager is a document management platform that lets users monitor and keep records of GRC processes.
"With LogicalApps we now have a solution that extends our GRC application suite around controls automation," Leone said. "It's really [about] allowing organizations to embed these preventative and detective controls into our application layer [and] have better transparency and the ability to better manage their controls."