SecurityBridge celebrates 2023 achievements as it doubles license revenue

INGOLSTADT, Germany – SecurityBridge, a global provider of SAP security solutions, announced that it hit several milestones for 2023, including another year of unprecedented growth and innovation in the SAP cybersecurity sector.

The company revealed that it has doubled its license revenue, maintained 100% year-over-year growth, and achieved a flawless 100% customer retention rate. This follows similar success from 2022 where SecurityBridge accomplished 100% year-over-year (YOY) increase in license revenue. During 2023, SecurityBridge was able to secure more than 5,000 systems, up from 4,500 in 2022, and showcased the company’s commitment to customer service excellence with an impressive 4.9 out of 5 customer satisfaction rating for support services.

“SecurityBridge’s client portfolio saw remarkable growth, with the onboarding of several Fortune 100 accounts,” the company wrote in a release. “This hyper-growth in new business, coupled with perfect customer retention, underscores the company’s excellence in meeting and exceeding its clients’ cybersecurity needs. These milestones were supported by doubling the workforce, dedicated security support professionals, and expanding its global footprint by opening new office locations in New York, NY, USA, and Amsterdam, NL.”

The company cited the 2023 acquisition of Dutch SAP security specialist Protect4S as a landmark event in the company’s history. This strategic move they said allowed them to offer an even more comprehensive cybersecurity platform while targeting smaller SAP service providers servicing the small-to-mid-sized market. In November of 2024 Security Systems News (SSN) reported on the SecurityBridge’s expansion to their North American support team in response to all the growth they’ve been experiencing.  

“The need to properly secure SAP platforms has never been more critical,” said Christoph Nagy, CEO and co-founder of SecurityBridge. “Hacking has transformed into a well-funded industry, and AI has only exacerbated the urgency to reduce all attack vectors and harden SAP platforms. SecurityBridge’s 2023 growth underscores the market’s need for proactive SAP cybersecurity; we pledge to continue developing world-class solutions to meet these challenges.”

Other achievements for SecurityBridge this year include their Research Lab reporting over 100 zero-day vulnerabilities in SAP software and introducing a new Privileged Access Management (PAM) module to its SecurityBridge Platform in 2023.

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