Led by the Frankfurt Private Equity team, Goodwin advised Onapsis Inc. on its acquisition of the Virtual Forge Group. Onapsis and the founders of Virtual Forge have entered into a definite agreement to acquire privately-held Virtual Forge, headquartered in Heidelberg, Germany. With the acquisition of Virtual Forge, Onapsis will become the largest independent provider of ERP security and compliance solutions.
“The Goodwin team were invaluable resources to Onapsis during our negotiations and provided us with timely and practical advice to enable the process to move forward. We had very firm deadlines and goals for this acquisition and we would not have met them without Goodwin's help, expertise and dedication,” said Gordon Pothier, CFO of Onapsis.
Headquartered in Boston, Massachusetts, Onapsis provides solutions for securing business-critical SAP and Oracle applications. The Onapsis platform is the most widely used cybersecurity solution for the protection of ERP systems and the company’s customers include many of the Global 2000 companies.
For additional details on the transaction, please read the press release.