Appsian, the leading provider of ERP data security solutions, announced their intention to expand capabilities in the Governance, Risk, & Compliance (GRC) space, with a focus on cross-application user management & access control. Appsian executed a strategy over the course of 2021 that would include two major acquisitions, Xpandion and Q Software, in-service to combining Appsian’s data security platform with best-in-class technology designed to help manage and mitigate risk across multiple business applications.
“We identified that organizations were challenged with aligning to new regulations, complex business processes, and preventing cybersecurity attacks – and these challenges were compounded by ecosystems that consisted of disparate, on-premises, and cloud applications,” said Piyush Pandey, CEO of Appsian. “Simply managing users, controlling their access, and preventing risk have become cross-functional objectives, and organizations need a way to streamline and simplify the whole process, end-to-end.”
Recommended AI News: Anonybit Closes $3.5 Million Funding Round Led by Switch Ventures
In May of 2021, Appsian announced the acquisition of Xpandion, an established GRC leader in the SAP market who specialized in cross-application management of segregation of duties (SoD), user access review, and transaction monitoring. The acquisition was strategically designed to combine Xpandion’s technology with Appsian’s ability to provide dynamic, fine-grained identity and access governance and secure sensitive data at the user interface level.
“Appsian’s tight integration with ERP applications made it possible to dynamically provision users based on the context of access,” said Moshe Panzer, VP of Product Management (and former CEO of Xpandion). “Given that almost every enterprise requires some form of hybrid/remote access, the stakes around security have become too high to solely rely on static governance strategies.”
Recommended AI News: Payments and DeFi-centric Blockchain, Fuse Network, Announces Major Integration with Sushi
In November of 2021, Appsian acquired Q Software, a leading compliance software provider for JD Edwards, Oracle E-Business Suite, and Oracle ERP Cloud. The acquisition would strengthen Appsian’s platform for the Oracle market and provide additional capabilities around fraud detection, risk assessments for roles & SoD rulesets, and license auditing – most notably for JD Edwards.
“It goes without saying that 2022 will be an exciting year for Appsian. Our goal is to provide end-to-end security and compliance support for organizations that struggle with the cost and complexity of managing the controls of their business applications,” said Pandey. “We look forward to a year of continued expansion, exciting innovation, and tremendous growth.”
Recommended AI News: Binance Becomes the Blockchain and Cryptocurrency Industry’s First to Join the National Cyber-Forensics and Training Alliance (NCFTA)
[To share your insights with us, please write to sghosh@martechseries.com]
Comments are closed.