SANTA CLARA, CA--(Marketwired - Mar 31, 2016) - Palerra, the leader in cloud security automation, today announced that the company and its LORIC platform have achieved Service Organization Control (SOC) 2 Type 1 certification for the Security, Availability, and Confidentiality Trust Principles following an independent audit completed by EY (formerly Ernst & Young). Completion of the audit demonstrates that stringent controls are in place to ensure security, availability, and confidentiality of customer and prospect data.

"Companies that utilize third-party SaaS services to perform critical functions need to be certain that their service providers are protecting their data and have rigorous controls in their operations to address security, availability, and confidentiality commitments," said Alice Wang, VP of customer success for Palerra. "As a security company, we believe it is important to provide our customers with assurance and confidence. Trust is built on transparency, and we affirm to our customers that we are successfully and securely operating the LORIC service via these attestation reports and our Palerra Trust Center."

About the SOC 2 Report
This report is intended to meet the needs of a broad range of users that require information and assurance about the controls at a service organization that affect the security, availability, and processing integrity of the systems used to process users' data and the confidentiality and privacy of the information processed by these systems. The report can play an important role in:

• Oversight of the organization
• Vendor management programs
• Internal corporate governance and risk management processes
• Regulatory oversight

To learn more about Palerra LORIC:

• Visit us online at www.palerra.com
• Visit our Trust Center at http://palerra.com/trust/
• Join the conversation on Twitter at https://twitter.com/palerrainc
• See how LORIC can help you monitor your Cloud Applications. Request a Free Trial at http://palerra.com/requesttrial/

About Palerra
Palerra helps organizations protect their business-critical cloud infrastructure and data with Palerra LORIC™, the industry-leading solution for cloud security automation. Palerra is the only Cloud Access Security Broker (CASB) that provides visibility and security across the entire security lifecycle from infrastructure to applications, enabling organizations to realize the full promise of the cloud. Leading enterprises including 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.