Oracle buys Indian-origin Founders' startup Palerra
Computer technology major Oracle has acquired US-based cloud security startup founded by Indian-origin entrepreneurs - Rohit Gupta and Ganesh Kirti. The terms of the deal were not disclosed. Founded in 2013, Palerra raised $25 million from investors including Norwest Venture Partners and August Capital. Oracle has made over 100 acquisitions to date, but not many in the area of security.