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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 integrates advanced multi-factor authentication and single sign-on for SAP users.

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Why Bullish?

The enhancement of SAP's security features can attract more users and increase revenue, similar to how Microsoft's security acquisitions were well-received, boosting stock prices.

How important is it?

The news pertains directly to SAP's ecosystem and may enhance its competitive edge in security, crucial for enterprise clients.

Why Long Term?

The acquisition leads to sustained improvements in security offerings, contributing to long-term customer trust and potential revenue growth as security continues to be a priority for enterprises.

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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 TrustBrokerĀ® products will further enrich the SecurityBridge platform capabilities. A two-way integration enables customers to transition from passwo.

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