Oracle plans to expand its governance and compliance offering with the acquisition of LogicalApps, whose software helps companies manage compliance with complex regulations. Its technology enables real-time detection, prevention, monitoring and reporting of financial and operational risk. The software is embedded in enterprise applications and can prevent the misuse of customer data or financial fraud by, for example, preventing employees from processing unsigned requisitions or ensuring they don't inappropriately change financial information.
LogialApps' software is already optimised for use with Oracle applications and the company says it has made "hundreds" of deployments of it.
Oracle will continue to support LogicalApps' customers after the acquisition and plans to continue to invest in development of the software.