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.
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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.
