Transaction between Long Standing Partners in the Area of Software Security Expected to Close in Early 2011.
(1888PressRelease) January 12, 2011 - EMMETTEN, Switzerland - SECUDE announced today that it is divesting its security software, identity and access management software and relevant assets (including development and consulting resources) to SAP AG (NYSE: SAP). As a result of this transaction, SAP will acquire Secure Login Secure Signon, Secure Mail/Secure File and Secure Trustmanager, and will roll these into its product offering. SECUDE will continue to operate as an independent business under its current management with a focus on Data Protection and Data encryption, known under the trademark "FinallySecure". The underlying technology covers laptop hard drive encryption as well as software which manages and protect devices for computers.The two companies, partners in the area of security software solutions for nearly 15 years, have signed a definitive agreement for the transaction, the terms of which are not being disclosed. The deal is expected to close in the first quarter of 2011.
Founder and CEO of SECUDE Dr. Heiner Kromer assured customers with Enterprise Single Sign-On and Secure Login that they would be fully supported during the transition. Dr. Kromer said, "SECUDE and SAP have been partners in the area of security software for years and we believe that this relationship and the value we provide to customers in a time of increased need for security will only be strengthened as a result of the partial acquisition."
Customers face threats to the integrity and security of their business scenarios as a result of increased cyber crime and owing to targeted attacks on business data from hackers. The acquisition of SECUDE's Secure Login and Enterprise Single Sign-On products enables SAP to meet these challenges by helping ensure communication security for all enterprises. For customers, this results in highly secure internal IT environments through the implementation of a simplified and secure login for end users. Following the transaction, SAP will provide a basic version of SECUDE's Secure Login to its current customer base as an essential part of all new releases.
With the addition of the Secure Login and Enterprise Single Sign-On, SAP will be able to fulfill a key customer requirement by shipping its solutions with default security software. The security of a customer's IT environment will be enhanced as a result of encrypted communication paths that are pre-configured after installation at customer sites, reducing TCO and administrative efforts for the customer.
"This strategic move puts us in the position to be more efficient and purposeful in building-up the Data Protection and Data Encryption division. In the future we will be able to expand our product portfolio in this market segment enabling a much stronger position. The new solutions and product development, from one source, will benefit our customers." said Dr. Kromer.
SECUDE will continue to own and provide maintenance and consultancy services for its remaining products, specifically for FinallySecure Enterprise and Secure Folder Enterprise.
About SECUDE
The SECUDE Group of companies is a leader in providing IT security solutions to enterprises and governmental organizations. Through its solutions, SECUDE enables its customers to protect critical data and business processes and increase user productive at the same time. SECUDE was founded in 1996 out of a partnership between SAP AG and the Fraunhofer Institute, Germany. Today, SECUDE has operations in Europe, US, Middle East, and Asia and has gained the trust of a large number of Fortune 500 companies.
For further information please visit www.secude.com and/or contact us on info ( @ ) secude dot com dot
About SAP
SAP is the world's leading provider of business software (*), offering applications and services that enable companies of all sizes and in more than 25 industries to become best-run businesses. With more than 105,000 customers in over 120 countries, the company is listed on several exchanges, including the Frankfurt stock exchange and NYSE, under the symbol "SAP." For more information, visit www.sap.com.
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Transaction between Long Standing Partners in the Area of Software Security Expected to Close in Early 2011. 
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