Oracle has announced a new agreement to acquire security startup Zenedge, a provider of cloud-based network and infrastructure security with a focus on protecting enterprises from cyber threats. This agreement is part of an ongoing effort by Oracle to bolster its cloud offerings in order to better compete with current market leaders.
In a document released by Oracle about the acquisition, Oracle said the Zenedge team would join Oracle’s, and that its customers would be able to continue using Zenedge products with enhanced integration with Oracle’s product offerings. Oracle said it expects to continue to invest in Zenedge’s products and services moving forward.
Zenedge support lines will also remain open after the acquisition, as well as its current sales channels.
For Oracle customers, Zenedge will expand on Oracle’s existing offerings. Oracle said in its statement, “Zenedge expands Oracle Cloud Infrastructure and Oracle’s Domain Name System (DNS) capabilities, adding innovative application and network protection that augments existing Oracle security services and partnerships.”
Oracle’s Effort to Make Up Lost Ground
This is the latest of several big moves made by Oracle in recent months to expand its cloud infrastructure following a weak cloud forecast that negatively impacted share prices last December.
One of these initiatives being the announcement of a new cloud-based clinical platform for drug companies and their partners. Dubbed “Clinical One,” the new platform creates a centralized digital system that multiple clinical partners could use to coordinate and facilitate clinical trials from the introduction to eventual market launch.
Another announcement revealed plans to create 12 new data centers throughout the world, an essential quadrupling of Oracle’s current cloud infrastructure.
Oracle’s autonomous solutions for database management are also being expanded to its entire cloud platform in a revelation that the company hopes will give it a unique edge over its biggest rivals in the cloud market.
At latest count, Oracle is well behind AWS and Microsoft Azure in cloud market share, however, it is gaining ground quickly with a doubling of adoption in the past year among enterprises.
Will these changes put Oracle on a path to the Liftr Index? Only time will tell.