"Business application security and compliance market leader, Onapsis, gains significant traction in 2023, propelling its dominance forward"

In 2023, Onapsis, a leading cybersecurity and compliance solution provider for SAP applications, announced its continued success in securing business-critical applications for hundreds of organizations, including nearly 30% of the Forbes Global 100.

Based in Boston, Massachusetts, with offices in Heidelberg, Germany, and Buenos Aires, Argentina, Onapsis serves a diverse clientele, including numerous Global 2000 organizations. The company's success is a testament to its focus on protecting business applications and enabling secure digital transformations.

Expanding Operations and Innovation

Onapsis has established new research and development centers in Dallas, Texas, and Bucharest, Romania, to foster innovation and support its growing customer base. The company is also actively recruiting engineering and cybersecurity talent in Romania, with over 200 open positions across various departments.

In 2023, Onapsis delivered over 200 new features and capabilities, including the AI-powered Onapsis Security Advisor and expanded SAP User Behavior Analytics. These innovations received recognition in the form of industry awards, accolades, and praise from customers and analysts alike.

Collaborative Efforts for Enhanced Security

Onapsis collaborated with SAP's security and engineering teams to address newly discovered zero-day security vulnerabilities in SAP. Together, they addressed the threat of exploitable, chained vulnerabilities known as "P4CHAINS".

In addition, Onapsis and SAP formed a new go-to-market partnership and announced the Onapsis Cybersecurity and Compliance Platform (EA Edition) as an official premium-certified SAP Endorsed App. This partnership further strengthens Onapsis' position as the only SAP-recommended cybersecurity and compliance app for business applications.

Strategic Partnerships for Secure Digital Transformations

Onapsis also announced a new strategic partnership with Wipro to support joint customers on their digital transformation journeys while securing their critical SAP applications. Furthermore, Onapsis entered into a strategic partnership with CrowdStrike to integrate Onapsis' SAP-specific threat intelligence into CrowdStrike Falcon Next-Gen SIEM, enabling enhanced security for critical SAP applications.

Financial Success and Customer Satisfaction

Onapsis experienced strong margin expansion, increased efficiency, and profitable growth in annual recurring revenue (ARR). The company's customer satisfaction scores and customer retention rates are top-notch, reflecting the outstanding value delivered to existing customers.

Onapsis successfully onboarded dozens of the world's largest SAP customers in 2023, further expanding its market leadership. The company's customer base now comprises hundreds of organizations, underscoring its commitment to securing business-critical applications for companies worldwide.

Onapsis was named to the 2023 Inc. 5000 list of fastest-growing companies for the third consecutive year, solidifying its position as a key player in the cybersecurity industry. With its continued focus on innovation, collaboration, and customer satisfaction, Onapsis is poised for further success in the years to come.

"Business application security and compliance market leader, Onapsis, gains significant traction in 2023, propelling its dominance forward"