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SecurityBridge Acquires CyberSafe To Deliver Contextual SSO, MFA, And Passwordless Authentication To SAP Users

1. SecurityBridge acquires CyberSafe to enhance SAP security solutions. 2. This acquisition marks a milestone in SAP security innovation.

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FAQ

Why Bullish?

The acquisition strengthens SAP's security offerings, potentially increasing customer trust and market share. Historically, strategic acquisitions in tech often lead to positive stock performance, as seen with companies like Microsoft.

How important is it?

The acquisition directly impacts SAP's security strategy, aligning with industry trends toward enhanced cybersecurity.

Why Long Term?

Enhanced security measures will improve SAP product positioning over time. Security strength is increasingly vital for enterprises adopting cloud-based solutions.

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NEW YORK--(BUSINESS WIRE)-- #SecurityBridge--SecurityBridge, the creator of the Cybersecurity Command Center for SAP, today announced the acquisition of CyberSafe, a UK-based pioneer in multi-factor authentication (MFA) and single sign-on (SSO) solutions for SAP users. The acquisition marks a significant milestone in SAP security innovation, as CyberSafe's flagship TrustBroker® products will further enrich the SecurityBridge platform capabilities. A two-way integration enables customers to transition from passwo.

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