Oracle has bolstered its identity management suite with the acquisition of Thor Technologies and OctetString for undisclosed sums.
The company plans to launch new identity management systems by the end of the year, and the acquisitions will add new features to them.
Thor Technologies is a provider of cross-platform provisioning products and OctetString is a provider of virtual directory software.
Identity management is a rapidly growing market sector as companies strive to meet regulatory requirements on data security. This week, CA announced the launch of a new identity program that helped companies streamline identity management to cut costs, while still addressing regulatory requirements.
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Oracle Identity Management forms the security backbone of the Oracle Fusion Middleware application platform.
By combining Oracle's existing identity management technology with that from the acquired companies, Oracle will create an identity management software suite that delivers access control, identity administration, identity federation, user provisioning, directory services, and web services management.
“Oracle's acquisition of Thor and OctetString is a good move,” said Mike Neuenschwander, an analyst at the Burton Group. “These acquisitions will send ripples through the industry.”