Credit: Shutterstock photoGerman business software provider SAP SESAP collaborated with digital identity and access solutions provider Certified Security Solutions ("CSS") Inc., in order to deliver a secure and scalable cloud-based solution to customers.
The technology sharing agreement entails the integration of SAP HANA Cloud Platform for the Internet of Things (IoT) with CSS' large-scale public key infrastructure-based certificate management security solution.
CSS' solution, in essence, generates and manages digital identities for device authentication, secure communication and data encryption. It enables companies to employ digital certificates in order to authenticate the connections between devices - this allows them to validate that the information generated is legitimate.
Thus, all data communication from each device can be accurately identified and validated. This, in turn, ensures that business processes and applications are working with legitimate data from reliable sources.
The integration will enable companies to use CSS' Verdetto IoT Identity Platform with SAP HANA Cloud Platform for the IoT.
In today's world of increasing cybersecurity challenges, any scalable and significant IoT offering calls for an end-to-end security solution. The technology integration agreement builds on SAP's IoT offerings, and will help it better address IoT security challenges as well as customers' needs.
SAP's human capital management applications and IoT & Big Data platform, powered by SAP HANA, have enjoyed huge client gains over the past couple of quarters. SAP's flagship product - S/4 Hana - a revamped version of its core business-management software, has been a big driver of the company's performance recently. S/4 Hana can run in customers' data centers or as an online service, thus retaining thousands of corporate customers with the company in the midst of an industry-wide shift to cloud computing.
We feel that SAP has charted a very comprehensible road map with S/4 Hana, which has breathed fresh life into sapped customer interest. Factors like intensifying competition in the IT industry and inherent seasonality in clients' technology spending have been exerting pressure on this Zacks Rank #4 (Sell) stock's financials.
SAP dominates the $30 billion enterprise resource planning software market, with its fellow competitors being Oracle Corporation ORCL and Workday, Inc. WDAY . It also competes with salesforce.com, inc. CRM in the market for customer management software.
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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
