Oracle strengthens Enterprise Apps GRC: Governance, Risk and Compliance

On October 9th, 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 transaction is expected to close by November 2007. Until the deal closes, each company will continue to operate independently, and it is business as usual.

LogicalApps solutions enable 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 solutions already are optimized for Oracle Applications, with hundreds of successful deployments.

With LogicalApps' automated control capabilities, Oracle plans to extend its GRC application suite after the closing to deliver a closed-loop solution that manages both enterprise-wide GRC processes and enforcement of automated controls within one system