Onapsis Completes Acquisition of Virtual Forge

Acquisition Strengthens Onapsis’s Global Leadership in Cyber
Resilience for Business-Critical Applications Such as SAP and Oracle

BOSTON–(BUSINESS WIRE)–Onapsis,
the global leader in business application cyber resilience, today
announced it has finalized its acquisition of privately-held Virtual
Forge
, headquartered in Heidelberg, Germany. Founded in 2006,
Virtual Forge is the leading provider of solutions to automatically
prevent, detect and remediate cybersecurity and compliance risks in
customizations and extensions of SAP® applications. The
addition of Virtual Forge’s technology to Onapsis’s award-winning
business application cyber resilience platform delivers unparalleled
cybersecurity, visibility, incident response, management and compliance
capabilities to enterprise organizations leveraging SAP and Oracle
applications to run their business.

Since the acquisition agreement was first announced on January 19, 2019,
Onapsis has accelerated global go-to-market activities by signing
strategic partnerships with enterprise security and services leaders Verizon
and Exabeam,
adding Gerhard
Eschelbeck
, former CISO at Google, to its Board of Directors, open-sourcing
signatures to detect the 10KBLAZE exploits
targeting SAP
applications and releasing the first and only Business
Risk Illustration assessment
capability for SAP customers.

“Business-critical application platforms such as SAP and Oracle are the
epicenter of most enterprise organizations’ digital transformation,
cloud migration and IoT initiatives,” said Mariano Nunez, CEO and
Co-founder, Onapsis Inc. “Now with Virtual Forge, we are perfectly
positioned to accelerate our international growth with a comprehensive
business-critical application security and compliance platform purposely
built to mitigate cyber threats, accelerate application modernization
and cloud migration initiatives, and automate compliance processes for
enterprises running their businesses on SAP and Oracle. This is an
incredible achievement for our customers, partners and employees.”

“We are excited to join the Onapsis team,” said Dr. Markus Schumacher,
CEO and Co-founder, Virtual Forge. “We have a shared vision and overall
business goal – to protect the world’s most critical applications. By
joining forces, we will be able to provide clients with the utmost
expertise and support from the best of the best in business-critical
application cybersecurity.”

Hear more about the value that this agreement will provide for both
Onapsis and Virtual Forge customers from our
CEO
and the Virtual
Forge team
.

About Onapsis
Onapsis helps organizations to be cyber
resilient by protecting their business-critical applications, keeping
them compliant and safe from insider and outsider threats. Our patented
solutions are used to accelerate digital transformation initiatives –
including transitioning to the cloud – by providing actionable
intelligence, continuous monitoring and automated governance for ERP,
CRM, PLM, HCM, SCM, BI and Cloud-based business-critical applications.

As the proven market leader, global enterprises trust Onapsis to help
modernize and strengthen their SAP applications, and to make sure
security, IT, DevOps and compliance teams are best prepared for the
business needs of the future.

Headquartered in Boston, MA, and with global operations, Onapsis proudly
serves more than 300 of the world’s leading brands and organizations,
including many of the Global 2000. Through our unique strategic
alliances with leading consulting and audit firms such as Accenture,
Deloitte, IBM, Infosys, PwC and Verizon, Onapsis solutions have become
the de-facto standard in helping organizations protect what really
matters.

For more information, connect with us on Twitter
or LinkedIn.

Onapsis and Onapsis Research Labs are registered trademarks of
Onapsis, Inc. All other company or product names may be the registered
trademarks of their respective owners.

Contacts

fama PR for Onapsis
Lindsay Kitendaugh, 617-986-5026
onapsis@famapr.com

error: Content is protected !!