NEWS
NEWS
NEWS
After Lawsuits and CEO Exit, SAP Moves Forward With SECUDE Security Assets Acquisitions
If there is anything that SAP would like to do right now is probably to move forward swiftly from the not so good things that transpired last year: such as the humiliating lawsuit against Oracle and losing their CEO to HP. Today, SAP has shown great signs of turning the tables and overcoming the challenges of 2010 with an early announcement of a big acquisition of security products, identity and access and significant assets which include development and consulting resources from SECUDE. This deal also means that SAP would take in and include both Secure Login and Enterprise Single Sign-On to their product portfolios.
Following this broadcast arrives an official statement from Björn Goerke, Senior Vice President of Technology and Innovation Platform Core, SAP: “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.”
The purchase of one of the premier technology supports is a testament to SAP’s continued commitment to provide more security features for its customers and users. The enhancements to be delivered will come from encrypted communication paths pre-configured after installation at customer sites, reducing TCO and administrative efforts for the customer. What will be more exciting to SAP customers is that the company will also provide a basic version of SECUDE with absolutely no additional cost. Basic SECUDE will provide a security product that provides a cryptographic communications layer for SAP products.
While SAP is still recovering from the injury that was brought by the highly publicized lawsuit, they also scored minutely when their defense lawyers convinced the courts to lower pre-judgment interest being asked by Oracle from $200 million down to just $16.5 million. The same report has also seen a brave Bill McDermott who admitted their fault and publicly apologized. The exaggerated Oracle claim and CEO Larry Ellison initially asked $4 billion in damages.
The transaction between SAP and SECUDE is expected to be inked and finalized on February 1, 2011.
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