CST: 23/10/2016 02:58:09   

Marlette Funding Chooses Palerra to Secure Its Cloud Environment

268 Days ago

Leading Financial Services Company Relies on LORIC to Secure Critical Services in the Cloud and Is an Early Adopter Using Palerra Consulting Services

SANTA CLARA, CA--(Marketwired - Jan 28, 2016) - Palerra, the leader in cloud security automation, today announced Marlette Funding has successfully implemented the Palerra LORIC™ platform to help secure its critical cloud infrastructure and applications. LORIC presently secures Box, Microsoft Office 365 and AWS for Marlette Funding.

Marlette Funding is a large specialty finance company that has serviced more that $1 billion in loans since its launch in 2013. As a financial lending institution, Marlette Funding must ensure regulatory compliance and privacy of its customer data, both financial and Personally Identifiable Information (PII). Maintaining tight security over this data was the critical business driver for the purchase of Palerra's LORIC platform. LORIC provides Marlette Funding enterprise-class visibility into user activities, detects anomalous activities, helps them maintain compliance, identifies security configuration drift of cloud services and provides automated incident response.

Marlette Funding also recently began using Palerra Consulting Services, a new offering delivering hands-on cloud security expertise, threat research and ongoing supervised analysis to help extend Marlette's LORIC implementation. Palerra Consulting Services enables organizations to design, configure and scale a LORIC deployment with custom security policies and groundbreaking threat research in an effective and efficient manner -- truly a unique offering highlighting Palerra's commitment to securing an organization's entire cloud adoption process and portfolio. Palerra Consulting Services has integrated LORIC into Marlette's existing security operations as well as trained their security operations personnel, resulting in a more secure and efficient overall business operation.

"Palerra's LORIC platform secures our entire cloud service environment, from Box and Office 365, to our AWS infrastructure. To mold to our specific needs, the Palerra Consulting Services team integrated LORIC into our existing operations and provided comprehensive insight into the configurations and capabilities of all the cloud services we leverage," said Chet Sharrar, senior director of security and infrastructure at Marlette Funding. "We have looked into other cloud security solutions and they do not offer the breadth of service, or top-down visibility into potential threats that LORIC provides. We look forward to a long-term partnership with Palerra and plan to engage with them more as we continue to grow our cloud footprint."

"This implementation is yet another example of an established and well respected organization relying on LORIC to secure its cloud platforms and applications, keeping sensitive, company and user data private and safe," said Rohit Gupta, founder and CEO of Palerra. "Marlette Funding has demonstrated rapid innovation by embracing the cloud for mission critical applications. As they consume more services from the cloud, Marlette recognized the safety-net LORIC delivers through its unmatched visibility into cloud services, surgical threat analytics, configuration compliance and automated remediation."

LORIC monitors enterprise cloud services including Google apps, Amazon AWS, Salesforce, Box, Microsoft® Office 365™ and ServiceNow, and promotes the security of these services through a single pane of glass.

Palerra Consulting Services provides advisory and professional services to help secure enterprise use of Cloud Services, including:

  • Cloud Security and Cloud Capability Maturity Assessments
  • LORIC Customizations and Configurations
  • Operations support of your Cloud security monitoring function

To learn more about LORIC and Palerra Consulting Services

About Palerra
Palerra helps organizations protect their business-critical cloud infrastructure and data with LORIC™, the industry-leader in cloud security automation. It is the only solution to combine visibility, threat detection, compliance management, and automated incident response for cloud services into a single platform. Leading enterprises including Blue Cross and Blue Shield of Minnesota, BMC Software, Jefferies, and VMware leverage LORIC for continuous monitoring and security of their cloud applications. Palerra is a privately held company funded by Norwest Venture Partners, Wing Venture Capital and August Capital and is headquartered in Santa Clara, Calif. For more information, visit www.palerra.com.

Media Contact:
Scott Lechner
Kulesa Faul for Palerra
(530) 521-3095
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