Welcome to the Tribe - Onapsis Completes Acquisition of Virtual Forge
I am pleased to announce that Onapsis has completed its acquisition of Virtual Forge, the leading provider of solutions to automatically prevent, detect and remediate cybersecurity and compliance risks in customizations and extensions of SAP applications. Now with Virtual Forge as part of the Onapsis brand, we can provide our customers with unparalleled visibility, incident response management and compliance for their business-critical applications. Organizations now have a complete platform at their disposal to ensure their systems are protected and resilient.
In May of 2016, we saw the first-ever U.S. Department of Homeland Security US-CERT alert for SAP Business applications, warning organizations of cyberattacks targeting these critical applications. In July of 2018, we saw a second warning around the increase in malicious cyber activity to ERP applications. And as recently as May of this year, we saw a third alert around the 10KBLAZE exploits, continuing to show that maintaining a comprehensive a business-critical application security strategy is vital to an organization’s success.
As organizations continue to extend their cloud and on-premise business applications such as ERP, CRM, PLM, HCM, SCM and BI to support evolving business requirements, we are committed to continuing our growth alongside them by providing critical research and technology for securing and maintaining compliance for these systems. With the addition of Virtual Forge, customers now have one single partner and platform to secure their SAP infrastructure, including Segregation of Duties, custom code analysis, vulnerability assessments, secure change management, compliance automation and continuous monitoring. We are thrilled to combine the unique technology, talent and domain expertise of our two companies to help organizations further secure the critical applications that run their businesses.
Onapsis and Virtual Forge customers will have peace of mind knowing the investment they have made in our platforms will be something they can continue to leverage as we improve under this acquisition. The expansion of our global footprint and synergy of providing one complete platform will allow organizations to lower their overall ERP security costs, improve efficiencies and decrease project times. Onapsis now employs over 300 people across the globe, between Germany, Argentina and the U.S., and maintains customer relationships across the world. Previously ranked #218 in the Deloitte Fast 500, Onapsis is continues to accelerate growth. I look forward to what the future holds and the opportunity to offer our support to organizations across the globe.