Marcos Galperin, CEO of MercadoLibre, Joins Onapsis Board of Directors

BOSTON, MA--(Marketwired - November 18, 2014) - The Board of Directors at Onapsis have today appointed Marcos Galperin, co-founder and CEO of MercadoLibre Inc. (NASDAQ: MELI) as their newest member.

Most recognized for co-founding MercadoLibre, the largest e-commerce ecosystem in Latin America, Galperin is considered to be a top internet entrepreneur. MercadoLibre has over 3,000 employees, operates in 13 countries and delivers a robust online trading environment with over 80 million transactions conducted in the last 12 months.

Prior to being appointed, Galperin had also invested in Onapsis. "I understand, first-hand, the importance of securing complex and critical business systems," said Mr. Galperin. "The data and information that is held within applications such as enterprise resource planning, supply chain and business intelligence is critical to the running of a large business. With the rise of security breaches, enterprises are quickly realizing the importance of securing these critical applications. Onapsis has a strong vision, talented and committed entrepreneurs and founders, and a relevant set of solutions that combine technology and expert knowledge. It was a sound investment, and I am excited to join the Board of Directors to further support the rapid growth of the business."

Mariano Nunez, CEO of Onapsis, commented, "Mr. Galperin's vast experience in building and maintaining a robust business -- with technology that has scaled to 13 countries and to over 110 million registered users -- is an incredible asset to Onapsis. We look forward to benefitting from his insight and counsel. He has been a supporter of Onapsis, our mission and the need to secure business applications since the beginning. Having him join our Board is a great endorsement to our team and the execution of our mission."

Mr. Galperin is also a board member of Endeavor, a non-profit organization that selects, mentors and accelerates high impact entrepreneurs around the world. He is also a board member of Globant (NYSE: GLOB).

Prior to setting up MercadoLibre in 1999, Mr. Galperin worked for J.P. Morgan Securities Inc. in New York and at YPF S.A., an integrated oil company, in Buenos Aires. He holds an MBA from Stanford University and graduated with honors from the Wharton School of the University of Pennsylvania.

About Onapsis
Onapsis gives organizations the adaptive advantage to succeed in securing business-critical applications by combining technology, research and analytics. Onapsis enables every security and compliance team an adaptive approach to focus on the factors that matter most to their business -- critical applications that house vital data and run business processes including SAP Business Suite, SAP HANA and SAP Mobile deployments.

Onapsis provides technology solutions including Onapsis X1, the de-facto SAP security auditing tool, and Onapsis Security Platform which delivers enterprise vulnerability, compliance, detection and response capabilities with analytics.

The Onapsis Research Labs provide subject matter expertise that combines in-depth knowledge and experience to deliver technical and business-context with sound security judgment. This enables organizations to efficiently uncover security and compliance gaps and prioritize the resolution within applications running on SAP platforms.

Onapsis delivers tangible business results including decreased business risk, highlighted compliance gaps, lower operational security costs and demonstrable value on investment.

Twitter: @onapsis
LinkedIn: linkedin.com/company/onapsis