LogicalApps Acquires GRC Product Line from Applimation
Added assets solidify LogicalApps as the de facto standard for internal controls
Irvine, CA – February 26, 2007 – LogicalApps™, the provider of embedded governance software for enterprise applications, today announced it has acquired the Integra™ product line from Applimation™. Assets acquired in the cash transaction include all of the Integra intellectual property, customer licenses and support contracts, as well as key employees who bring product, development, customer support and domain expertise. The combined technology and market share – over 300 customers – solidifies LogicalApps as the undisputed leader of automated controls solutions for the Oracle market.
“By integrating Integra’s configuration management, access controls and transaction monitoring features with the real-time preventative and detective controls of ACTIVE Governance, LogicalApps is making the best automated controls solution even better,” said Chris Capdevila, founding CEO of LogicalApps. “This acquisition helps us accelerate availability of the leading embedded governance solution across an array of ERP platforms.”
The Integra product line will continue to mature and be integrated into LogicalApps ACTIVE Governance family of solutions, which includes user access management, configuration management and transaction monitoring. This integration will create the industry’s most robust and flexible solution for automating policy enforcement within enterprise applications to meet governance requirements and maintain sustainable compliance.
“Consolidation in the highly fragmented GRC market is inevitable, and IDC expects vendors to round out their offerings where it makes sense - especially in the area of controls automation." says Kathleen Wilhide, Research Director, IDC.
"Embedding governance is a strategic initiative that requires organizations to automate controls, not just document them. By putting in place the infrastructure to automate and manage the control environment, organizations can mitigate information and compliance risk as well as achieve process optimization in the management of enterprise systems."
“Selling Integra allows Applimation to direct its undivided attention to the Informia software products in the data growth management segment of the market, resulting in greater innovation and more aggressive product development plans that will benefit Informia customers,” said Bob Markese, CEO of Applimation. “In addition, the Applimation team felt LogicalApps would provide the best home for Applimation’s customers, employees and technology.”
ACTIVE Governance™ is the first solution to embed governance policies and processes directly into the Oracle E-Business Suite. Delivering more than simple documentation and monitoring of controls, ACTIVE Governance prevents control violations from happening by automatically enforcing governance policies in real time. By reducing risks and tracking data and configuration changes, ACTIVE Governance is the only governance software that enables better business processes resulting in greater efficiency and improved financial integrity.
ABOUT LOGICALAPPS
LogicalApps provides embedded governance software for enterprise applications. The company’s solutions enable organizations to manage risk, achieve compliance, and reduce costs by automating real-time monitoring and enforcement of detective and preventive controls. Using the LogicalApps solutions, business processes execute at optimal efficiency with increased integrity, improving overall company performance. Founded in 2000,About Sequoia Capital
Sequoia Capital provides venture capital funding to founders of startups who want to turn business ideas into companies. As the "Entrepreneurs Behind the Entrepreneurs", Sequoia Capital's Partners have worked with innovators such as Steve Jobs of Apple Computer, Larry Ellison of Oracle, Bob Swanson of Linear Technology, Sandy Lerner and Len Bozack of Cisco Systems, Dan Warmenhoven of Network Appliance, Jerry Yang and David Filo of Yahoo!, Jen-Hsun Huang of nVIDIA, Michael Marks of Flextronics, Larry Page and Sergey Brin of Google, Chad Hurley and Steve Chen of YouTube and Dominic Orr and Keerti Melkote of Aruba Wireless Networks. To learn more about Sequoia Capital visit www.sequoiacap.com.
