The Cybersecurity market probably has too many vendors in currently. This is an example of the consolidation that is likely to happen over the coming months. For Onapsis it provides functionality that fills in the missing pieces from its technology, making its offering stronger. It is also a good move for customers. It should reduce the number of supplier relationships they need to retain.
Onapsis acquired ERP cyber security competitor Virtual Forge in a move designed to strengthen its defence capabilities around SAP customisations and extensions.
Onapsis, the Boston-based enterprise resource-planning security startup, has agreed to acquire Virtual Forge, a Heidelberg, Germany-based cybersecurity company focusing on SAP applications. Terms of the deal were not disclosed. The companies say the deal is the first Boston-area cybersecurity acquisition of the year.
ERP cybersecurity solutions provider Onapsis recently announced that it has entered into a decisive agreement to acquire Germany-based cybersecurity firm Virtual Forge. The proposed agreement, which is expected to close in the first quarter of 2019, will help Onapsis to expand its reach in the global market by leveraging Virtual Forge’s international reputation and strengthen Onapsis’s leadership in ERP cybersecurity.
Onapsis recently announced that it has signed a definitive agreement to acquire Virtual Forge, a company that provides solutions to automatically prevent, identify, and fix cybersecurity and compliance risks in customizations and extensions of SAP applications. Onapsis delivers a platform that safeguards ERP systems and business-critical applications of the largest organizations in the world. Together, Onapsis and Virtual Forge will enable customers to achieve exceptional incident response, management, visibility, and compliance for business-critical applications.
Onapsis has entered into a definitive agreement to acquire privately-held Virtual Forge, headquartered in Heidelberg, Germany. Onapsis’s platform is the cybersecurity solution that protects the ERP systems and business-critical applications of the world’s largest organizations.
Cyber security incidents and misconceptions both increase as critical ERP systems migrate to the cloud
The Cloud Security Alliance (CSA) has released the findings from its first research survey on ‘Enterprise Resource Planning (ERP) Applications and Cloud Adoption’. The study offers insight into cloud preparation and migration, the features and benefits gained, and the security and privacy challenges for ERP systems in a cloud environment.
Enterprise Resource Planning (ERP) cybersecurity & compliance company Onapsis acquires SAP security solutions provider Virtual Forge for an undisclosed sum. Onapsis, a company that specializes in enterprise resource planning (ERP) cybersecurity and compliance, has acquired SAP security solutions provider Virtual Forge for an undisclosed sum. The acquisition is expected to close by the end of June. The Virtual Forge acquisition enables Onapsis to accelerate its expansion into global markets, according to a prepared statement. It also allows Onapsis to provide organizations with incident response, management, compliance and visibility across SAP applications.
M&A – SAP Application Security: Onapsis, which specializes in ERP cybersecurity and compliance, has acquired Virtual Forge of Heidelberg, Germany. Virtual Forge’s technology prevents, detects and remediates cybersecurity and compliance risks for SAP customers.