Onapsis drives its leadership in security for enterprise applications

Our partner Onapsis, a leader in the enterprise application security market, announced its continued success in cybersecurity and compliance for critical business applications, strengthened by a year of achievements and advancements, including revolutionary product innovations, strategic partnerships, impactful research findings, and business growth.

2023 has been a solid year for Onapsis, marked by unwavering commitment to customers, product innovation, and the unmatched resilience of our team. Our achievements are a testament to the relentless focus on protecting the enterprise applications that drive the global economy, further empowering SAP organizations to securely accelerate their digital transformations towards S/4HANA Cloud, BTP, and RISE,” said Mariano Núñez, CEO of Onapsis.

Onapsis continued to successfully work alongside dozens of the world’s largest SAP customers, including numerous Global 2000 organizations, now representing hundreds of organizations and nearly 30% of the companies on the Forbes Global 100 list.

In addition to success in attracting new customers, the company continued to deliver exceptional value to existing ones, reflected in customer satisfaction ratings and industry-leading retention rates. Other achievements in financial performance include strong margin expansion, increased efficiency, and profitable growth in annual recurring revenue (ARR).

Onapsis was included in the Inc. 5000 list of fastest-growing companies in 2023 for the third consecutive year, underscoring its continued growth and leadership in the industry. In 2023, the company launched over 200 new features and capabilities, including revolutionary innovations such as the AI-powered Onapsis Security Advisor and SAP User Behavior Advanced Analytics. These innovations have been recognized with industry awards, accolades, and high praise from both customers and analysts.

Having discovered and reported over 1,000 zero-day vulnerabilities in critical business applications, Onapsis Research Labs partnered with SAP security and engineering teams to help mitigate dozens of newly discovered zero-day security vulnerabilities in SAP, including a threat of exploitable chainable vulnerabilities dubbed “P4CHAINS,” continuing to make significant contributions to the security of all SAP customers worldwide.

We are excited to carry this momentum into 2024, with ambitious plans to expand our solutions, empower our customers, and further solidify our position as industry leaders in SAP and ERP security, backed by accelerated, profitable, and sustainable growth,” Nuñez added.