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Arpine Maghakyan

Arpine Maghakyan

Security Researcher of RedRays.

[Announcement] RedRays Opened Seed Round Investment

Hello ! 

The RedRays was founded in January 2021. 
The main goal of RedRays is to narrow the security gap in both the technical and business realms. The company provides cybersecurity services and offers a solution to examine and protect SAP, Oracle, and Microsoft ERP systems against cyberattacks and internal fraud.

Typically, our customers are big organizations and managed service providers whose needs include the active monitoring and management of security across extensive SAP environments worldwide.

We finished over 20 ERP Pentest assessments of the largest Gas and Oil, and bank companies in the Middle East. From January 2021, our revenue was over US$ 500 000.

The company’s competence is founded on RedRays’ research section, which specializes in vulnerability research and analysis of essential corporate applications. It has received several accolades from major software companies, including SAP, Oracle, Microsoft Dynamics, and IBM.

Experts from RedRays have been asked to lecture, present, and train at major international security conferences on all continents.

We have highly skilled professionals on staff that have expertise in a wide range of security domains, from online applications and mobile/embedded systems to reverse engineering and ICS/SCADA/ERP systems. 

This year we got SAP Certification for our product and agreed to start PoC in Qatar’s largest Gas and Oil company. 

Now we feel that we need a jump in product development. That’s why we are happy to announce that RedRays opened SEED round investment. 

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SAP Security Audit Guidelines

It should not be surprising that essential company data stored and processed in ERP systems are susceptible to various forms of assault.