Oracle has agreed to acquire LogicalApps, a provider of automated Governance, Risk and Compliance (GRC) controls management solutions. The acquisition will strengthen Oracle's GRC application suite by integrating real-time policy enforcement for critical business processes.

LogicalApps delivers automated application controls in the areas of access, setup and transaction monitoring. Its technology helps enforce proper segregation of duties in enterprise applications, reduces fraud using preventative controls, and provides evidence of a proper control environment.

"Regulatory compliance and the associated risk is a top priority for business executives today," said Oracle president Charles Phillips. "This acquisition underscores Oracle's commitment to building a comprehensive, open and integrated GRC application suite. Companies will now be able to simplify compliance with multiple, complex regulatory requirements while improving business operations."

"Customers will see immediate value with the combination of Oracle and LogicalApps," said LogicalApps founder, Chris Capdevila. "The integration of real-time policy enforcement into Oracle's GRC application suite will deliver a closed-loop solution that manages enterprise-wide GRC processes and proactively mitigates business risk."