Stay on top of the latest media coverage, and company and product announcements from the leader in business-critical application security and compliance solutions.
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.
According to a Cloud Security Alliance study sponsored by Onapsis and released on Jan. 11, 69 percent of organizations are moving data for popular enterprise resource planning platforms including SAP and Oracle to the cloud, but there are still a number of misconceptions about security.
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.
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.
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.
Onapsis, a company specializing in cybersecurity and compliance solutions for enterprise resource planning (ERP) products, on Wednesday announced that it has entered a definitive agreement to acquire competitor Virtual Forge.
The combined company will have 300 employees and some 250 enterprise customers, making it more than 10 times the size of its next largest competitor in the ERP cyber security space.
Migrating mission-critical ERP applications to the cloud can be a very tricky and complex process.