TMICF - Oracle To Acquire Zenedge For Cloud Security
Quick Take
Oracle (ORCL) has announced an agreement to acquire Zenedge for an undisclosed sum.
Zenedge has developed a suite of cybersecurity software to enable companies to adaptively and proactively protect their online operations.
ORCL is acquiring Zenedge as part of an ongoing effort to build out its infrastructure [IaaS] offerings as enterprises continue their transition from on-premises to the cloud.
Target Company
Aventura, Florida-based Zenedge was founded in 2014 to develop artificial intelligence-based security solutions for web-based applications and networks.
Management is headed by CEO Yuri Frayman, although the firm was co-founded