Onapsis Completes Acquisition of Virtual Forge

Onapsis Completes Acquisition of Virtual Forge

Onapsis, the global leader in business application cyber resilience, 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.

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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.

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“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.”

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