SAP to Acquire Software Security Products and Assets From SECUDE
WALLDORF, Germany and EMMETTEN, Switzerland, Jan. 12, 2011 /PRNewswire via COMTEX/ --
SAP AG (NYSE: SAP) and SECUDE AG today announced that SAP will acquire security software, identity and access management software, as well as relevant assets including development and consulting resources from SECUDE. As a result of this transaction, SAP will acquire Secure Login and Enterprise Single Sign-On, and will roll these into its product portfolio. With this acquisition SAP can provide customers secure client-server communications without the need for third-party offerings. Despite the partial divestiture, SECUDE will continue to operate as an independent business with focus on FinallySecure, a data protection portfolio of solutions and products.
The acquisition of key solutions from this leading technology provider underlines SAP's commitment to investing in product security for its customers and users. With the addition of the Secure Login and Enterprise Single Sign-On products, SAP further fulfills a key customer requirement by shipping its solutions with default security software. The security of a customer's IT environment will be enhanced as a result of encrypted communication paths that are pre-configured after installation at customer sites, reducing TCO and administrative efforts for the customer.
"We are very pleased that, in closing this transaction, SAP is not only in a position to satisfy our customers' security requirements, but also to expand the SAP NetWeaver Identity Management component to include Secure Login Server and Enterprise Single Sign-On," said Bjorn Goerke, senior vice president, Technology and Innovation Platform Core, SAP.
Going forward, SAP will provide a basic version of SECUDE's Secure Login to its current customer base and as an essential part of all new releases -- at no additional cost to customers. As a further benefit to customers, SAP will invite security specialists in development and consulting to join the company, to complement and strengthen its capability to provide consultancy for security-related topics.
Customers face threats to the integrity and security of their business scenarios as a result of increased cyber crime and owing to targeted attacks on business data from hackers. The acquisition of SECUDE's Secure Login and Enterprise Single Sign-On further enables SAP to meet these challenges by helping ensure communication security for all enterprises. For customers, this results in enhanced security for their internal IT environments through the implementation of a simplified and secure login for users.
SECUDE founder and CEO Dr. Heiner Kromer said, "I am very pleased that SECUDE's deep expertise as a world leader in the field of security technology will now be available to SAP's vast customer base. This deal is a significant one, especially considering the role security plays in ensuring compliance and strict governance for businesses."
The transaction between SAP and SECUDE is expected to close on or about February 1, 2011. The release date to customers of Secure Login is scheduled for the second quarter of 2011. The acquisition of SECUDE's two premium security products helps ensure secure connections to all SAP systems for customers and the opportunity to establish single sign on and identity federation into any user interface and legacy system.
Based in Emmetten, Switzerland, SECUDE is a leading global provider of IT security software products, solutions and consulting to enterprises and government organizations. Privately held, it was founded in 1996 on the strength of a partnership between SAP AG and the Fraunhofer Institute, one of Europe's leading research institutes. SECUDE has operations in United Arab Emirates, Hungary, Singapore, United States, India, Vietnam and China, and employs 150 people worldwide.
Founded in 1996, SECUDE is a global leader providing innovative IT security software solutions and consulting to enterprises and governmental organizations to meet legal requirements and to enforce corporate governance. SECUDE's core security know-how (key-, access-, and authorizations management in business processes) enables it to implement risk management solutions in the most effective way to improve customer performance and financial stability. For more information, visit www.secude.com.
SAP is the world's leading provider of business software(*), offering applications and services that enable companies of all sizes and in more than 25 industries to become best-run businesses. With more than 105,000 customers in over 120 countries, the company is listed on several exchanges, including the Frankfurt stock exchange and NYSE, under the symbol "SAP." For more information, visit www.sap.com.
(*) SAP defines business software as comprising enterprise resource planning, business intelligence, and related applications.
Follow SAP on Twitter at @sapnews.
For customers interested in learning more about SAP products:
Global Customer Center: +49 180 534-34-24
United States Only: 1 (800) 872-1SAP (1-800-872-1727)
For more information, press only:
Gunter Gaugler, SAP, + +49 6227 7-65416 email@example.com, CET
Jim Dever, SAP, +1 610 661-2161, firstname.lastname@example.org, EST
SAP Press Office, +49 (6227) 7-46315, CET; +1 (610) 661-3200, EST; email@example.com
This release contains forward-looking statements that involve risks and uncertainties concerning the parties' ability to close the transaction and the expected closing date of the transaction, the anticipated benefits and synergies of the proposed transaction, anticipated future combined operations, products and services, and the anticipated role of SECUDE, its key executives and its employees within SAP following the closing of the transaction. Actual events or results may differ materially from those described in this release due to a number of risks and uncertainties. These potential risks and uncertainties include, among others, the outcome of regulatory reviews of the proposed transaction, the ability of the parties to complete the transaction, the failure to retain key SECUDE employees, customer and partner uncertainty regarding the anticipated benefits of the transaction, the failure of SAP and SECUDE to achieve the anticipated synergies of the proposed transaction. SECUDE is not obligated to update these forward-looking statements to reflect events or circumstances after the date of this document.
Any statements contained in this document that are not historical facts are forward-looking statements as defined in the U.S. Private Securities Litigation Reform Act of 1995. Words such as "anticipate," "believe," "estimate," "expect," "forecast," "intend," "may," "plan," "project," "predict," "should" and "will" and similar expressions as they relate to SAP are intended to identify such forward-looking statements. SAP undertakes no obligation to publicly update or revise any forward-looking statements. All forward-looking statements are subject to various risks and uncertainties that could cause actual results to differ materially from expectations. The factors that could affect SAP's future financial results are discussed more fully in SAP's filings with the U.S. Securities and Exchange Commission ("SEC"), including SAP's most recent Annual Report on Form 20-F filed with the SEC. Statements regarding the expected date of closing of the tender offer, and expected integration, growth and improved customer service benefits are forward-looking statements and are subject to risks and uncertainties including among others: uncertainties as to the timing of the tender offer, the satisfaction of closing conditions, including the receipt of regulatory approvals, whether certain industry segments will grow as anticipated, the competitive environment among providers of software solutions, and difficulties encountered in integrating companies and technologies. Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of their dates.
Copyright © 2011 SAP AG. All rights reserved.
SAP, R/3, mySAP, mySAP.com, xApps, xApp, SAP NetWeaver and other SAP products and services mentioned herein as well as their respective logos are trademarks or registered trademarks of SAP AG in Germany and in several other countries all over the world. All other product and service names mentioned are the trademarks of their respective companies. Data contained in this document serve informational purposes only. National product specifications may vary.
SOURCE SAP AG
[ Back To TMCnet.com's Homepage ]