Onapsis Ranked Number 218 Fastest Growing Company in North America on Deloitte’s 2018 Technology Fast 500™
Attributes 444.48 Percent Revenue Growth to evolving threats targeting ERP Applications
Boston, MA - November 15, 2018 — Onapsis, the global experts in ERP and business-critical application cybersecurity and compliance, today announced it ranked 218 on Deloitte’s Technology Fast 500™, a ranking of the 500 fastest growing technology, media, telecommunications, life sciences and energy tech companies in North America. Onapsis grew 444.48 percent during this period.
Onapsis’s chief executive officer, Mariano Nunez, credits the increased threat of ERP cyberattacks and ERP cloud migration initiatives with the company’s 444.48 percent revenue growth. He said, "This year we have seen a new critical US-CERT Alert released by the Department of Homeland Security, warning about cyberattacks on ERP applications. With over 90% of the Global 2000 running SAP and Oracle business applications and over 77% of the world’s transaction revenue touching an SAP system, there is little surprise on why cybercriminals, hacktivists and nation-states are targeting these crown jewels. Migrations of ERP to the cloud are making organizations more aware of the need to protect these now-public critical applications. At Onapsis, we were both ‘first-movers’ and ‘first-scalers’, delivering sustained hypergrowth, while delivering a unique software platform to protect the world’s largest organizations. This award is a recognition to the hard work of all our team members, who strive to change the status quo every day.”
“Congratulations to the Deloitte 2018 Technology Fast 500 winners on this impressive achievement,” said Sandra Shirai, vice chairman, Deloitte LLP, and U.S. technology, media and telecommunications leader. “These companies are innovators who have converted their disruptive ideas into products, services and experiences that can captivate new customers and drive remarkable growth.”
“Software, which accounts for nearly two of every three companies on the list, continues to produce some of the most exciting technologies of the 21st century, including innovations in artificial intelligence, predictive analytics and robotics,” said Mohana Dissanayake, partner, Deloitte & Touche LLP, and Industry Leader for technology, media and telecommunications, within Deloitte’s audit and assurance practice. “This year’s ranking demonstrates what is likely a national phenomenon, where many companies from all parts of America are transforming the way we do business by combining breakthrough research and development, entrepreneurship and rapid growth.”
Onapsis previously ranked 243 as a Technology Fast 500™ award winner for 2017.
About Deloitte’s 2018 Technology Fast 500™
Deloitte’s Technology Fast 500 provides a ranking of the fastest growing technology, media, telecommunications, life sciences and energy tech companies — both public and private — in North America. Technology Fast 500 award winners are selected based on percentage fiscal year revenue growth from 2014 to 2017.
In order to be eligible for Technology Fast 500 recognition, companies must own proprietary intellectual property or technology that is sold to customers in products that contribute to a majority of the company's operating revenues. Companies must have base-year operating revenues of at least $50,000 USD, and current-year operating revenues of at least $5 million USD. Additionally, companies must be in business for a minimum of four years and be headquartered within North America.
Onapsis cybersecurity solutions automate the monitoring and protection of ERP systems SAP and Oracle, keeping these business-critical applications compliant and safe from insider and outsider threats. As the proven market leader, global enterprises trust Onapsis to protect the essential information and processes that run their businesses.
Experts at the Onapsis Research Labs were the first to lecture on SAP cyberattacks and have uncovered and helped fix hundreds of security vulnerabilities to-date affecting SAP Business Suite, SAP HANA, SAP Cloud and SAP Mobile applications, as well as Oracle JD Edwards and Oracle E-Business Suite platforms. This patented technology is well known, industry wide, and has gained Onapsis recognition on the Deloitte Technology Fast-500, as a Red Herring North America Top 100 company and a SINET 16 Innovator.
Headquartered in Boston, MA, Onapsis serves over 200 customers including many of the Global 2000. Onapsis's solutions are also the de-facto standard for leading consulting and audit firms such as Deloitte, IBM, Infosys and PwC.
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