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On October 9, 2007, Oracle announced that it has entered into an agreement to acquire LogicalApps, a leading provider of automated Governance, Risk, and Compliance (GRC) controls for enterprise applications. The acquisition is expected to extend Oracle’s GRC application suite by integrating real-time policy enforcement for critical business processes. The combination is subject to customary conditions and is expected to close by November 2007. Until the acquisition closes, each company will continue to operate independently, and it is business as usual.
LogicalApps is a leading provider of solutions for automating GRC controls and ensuring business process integrity. Its technology enables customers to automate GRC activities, such as enforcing proper segregation of duties in enterprise applications, reducing fraud with continuous monitoring of business transactions, and providing defensible evidence of a proper control environment. LogicalApps is one of the industry’s first solutions to automate controls beyond finance to all major business processes, including Order to Cash, Procure to Pay, Reconcile to Report and Hire to Retire. With LogicalApps, organizations are better able to enforce corporate policies in real-time by embedding granular controls and monitors directly into their business applications.
LogicalApps’ solutions already are optimized for Oracle Applications, with hundreds of successful deployments. In addition, Oracle continues to be committed to plans for building a comprehensive, open and integrated enterprise GRC application suite designed for heterogeneous environments, including Oracle E-Business Suite, PeopleSoft Enterprise, JD Edwards, Hyperion, Siebel, SAP, custom and other non-Oracle applications.
After the closing, Oracle plans to use LogicalApps’ automated control capabilities to extend its GRC application suite, delivering a closed-loop solution that manages both enterprise-wide GRC processes and enforcement of automated controls within one system.
We are excited about this acquisition and how it will accelerate innovation in our GRC solutions. To learn more about the combination of LogicalApps and Oracle, please visit oracle.com/LogicalApps.
We appreciate your continued support.
Senior Vice President, Applications Development
The above is for informational purposes only and may not be incorporated into a contract.