18 October 2017

Oracle to acquire online security outfit Bharosa

19 July 2007  |  3931 views  |  0 Oracle

Oracle has agreed a deal to acquire California-based Bharosa, a privately-held provider of fraud detection and multi-factor online authentication technology. Financial terms of the transaction were not disclosed.

Bharosa, which was founded in 2003, provides online security technology to firms in the financial services, e-commerce, healthcare and government sectors. Oracle says the Bharosa software is used by more than 25 million users worldwide.

Following the acquisition Oracle says Bharosa's Tracker and Authenticator software will continue to be available on a standalone basis, but will also be integrated with its existing identity management and Web-based authorisation systems.

Hasan Rizvi, vice president, identity management and security products, Oracle, says: "We expect Oracle and Bharosa, together, to provide enterprises with a comprehensive identity management solution that integrates proactive, real-time fraud prevention."

"Companies need new mechanisms that complement their existing security solutions so that they can better protect themselves from insider threats and misuse from privileged users," adds Jon Fisher, CEO, Bharosa.

The transaction is subject to customary conditions and is expected to close in August 2007.

The acquisition comes just weeks after Bharosa inked a deal with Oracle-subidiary i-flex solutions, which will see the authentication technology integrated with the Flexcube core banking platform.

Comments: (0)

Comment on this story (membership required)

Finextra news in your inbox

For Finextra's free daily newsletter, breaking news flashes and weekly jobs board: sign up now

Related stories

SAP admits to "inappropriate" Oracle downloads; denies espionage

SAP admits to "inappropriate" Oracle downloads; denies espionage

03 July 2007  |  5528 views  |  0 comments
Oracle forms financial services software unit

Oracle forms financial services software unit

01 May 2007  |  7042 views  |  0 comments
Oracle accuses SAP of Web espionage

Oracle accuses SAP of Web espionage

23 March 2007  |  7428 views  |  0 comments

Related blogs

Create a blog about this story (membership required)
visit www.innotribe.comRegister now

Top topics

Most viewed Most shared
Ripple looks to drive bank adoption with $300m XRP rebate programmeRipple looks to drive bank adoption with $...
15134 views comments | 12 tweets | 4 linkedin
Swift positive on blockchain, but big challenges remainSwift positive on blockchain, but big chal...
8350 views comments | 15 tweets | 21 linkedin
hands typing furiouslyHow artificial intelligence can deliver a...
7852 views 0 | 7 tweets | 9 linkedin
satelliteGates Foundation backs Ripple collaboratio...
7270 views comments | 13 tweets | 8 linkedin
IBM uses blockchain to improve cross-border payments processingIBM uses blockchain to improve cross-borde...
6428 views comments | 8 tweets | 16 linkedin

Featured job

New York, NY - USA (some flexibility on location)

Find your next job