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SecurityBridge enjoyed exceptional growth over 2023
Tue, 30th Jan 2024

SecurityBridge, a renowned global provider of SAP security solutions, is celebrating notable achievements in 2023, including doubling its license revenue, achieving 100% customer retention and maintaining 100% year-on-year growth. The company's success is a testament to its commitment to delivering top-notch SAP security solutions and its thorough understanding of the evolving cybersecurity landscape.

In the past year, SecurityBridge successfully secured more than 5,000 systems, demonstrating its expansive reach and earning the trust of an increasing global clientele. Moreover, the company has demonstrated its commitment to customer service excellence with a remarkable customer satisfaction rating of 4.9 out of 5 for support services.

SecurityBridge's client portfolio experienced major growth, involving the onboarding of several Fortune 100 accounts. This significant business expansion, coupled with perfect customer retention, highlights the company's proficiency in meeting and surpassing its clients' cybersecurity demands. The company also doubled its workforce and expanded its global footprint by opening new offices in New York and Amsterdam.

One of the key events in SecurityBridge's journey in 2023 was the acquisition of Dutch SAP security specialist Protect4S. This acquisition has enabled SecurityBridge to offer a more comprehensive cybersecurity platform, specifically targeting smaller SAP service providers catering to the small-to-mid-sized market.

The company has also sustained strategic partnerships with leading SAP service providers such as Capgemini, Accenture, Deloitte, and IBM. These collaborations have assisted SecurityBridge in blending management, compliance, and innovative technology to enhance its SAP security investments and performance.

In addition, SecurityBridge announced that its Research Lab discovered and reported over 100 zero-day vulnerabilities in SAP software last year, significantly contributing to securing the SAP ecosystem.

SecurityBridge introduced its new Privileged Access Management (PAM) module to the SecurityBridge Platform in 2023. This addition streamlined PAM and Superuser Tracking, simplifying SAP security and providing clients with a more integrated cybersecurity solution.

Christoph Nagy, CEO and co-founder of SecurityBridge, stated: "The need to properly secure SAP platforms has never been more critical. Hacking has transformed into a well-funded industry, and AI has only exacerbated the urgency to reduce all attack vectors and harden SAP platforms. SecurityBridge's 2023 growth underscores the market’s need for proactive SAP cybersecurity.”

Additionally, SecurityBridge recently announced that the SAP Security Response Team has ranked the SecurityBridge Research Lab among the top-3 sources for discovering and reporting vulnerabilities in SAP software. This recognition underlines the lab's exceptional contributions to SAP security and positions SecurityBridge as a critical partner for entities seeking to strengthen their SAP installations.

The SecurityBridge Research Lab's role also extends to analysing newly released SAP security notes on Patch Tuesday, contributing to the proactive protection of SAP customers.

Joris Van De Vis, SecurityBridge’s Director of Security Research and Lab Director, was appointed recently; he has been instrumental in identifying over 100 SAP vulnerabilities. The insights garnered by Van De Vis, who brings more than two decades of experience, further help the lab proactively safeguard SAP customers. Commenting on the recognition, Van De Vis expressed: "We are proud the SAP Security Response Team has swiftly created numerous patches to rectify the vulnerabilities our research lab has discovered."