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Rapid7 has signed a definitive agreement to pick up fellow security player DivvyCloud to gain more protective expertise in hosted environments.
The $145m deal is being paid in cash and stocks, and the acquisition should close by the end of the second quarter.
DivvyCloud offers a solution that gives users visibility into a range of cloud environments, including AWS, Microsoft Azure, Google Cloud, Alibaba and Kubernetes.
Rapid7 plans to use the DivvyCloud platform to help customers that are looking to move data securely out of datacentres into the cloud. The firm has also identified a growing need for organisations to secure multicloud environments and the acquisition will extend the reach of its Insight platform.
DivvyCloud enables users to ensure that their cloud and container environments have not been misconfigured, adhere to security policies, are protected from external and internal threats, and can work with robust access management requirements.
“We are thrilled to welcome DivvyCloud and its customers to the Rapid7 family,” said Corey Thomas, chairman and CEO at Rapid7. “We have been very impressed with the DivvyCloud team and its technology for some time. As the rate of cloud adoption continues to rise, the DivvyCloud platform will be an important part of our offering, giving customers a much deeper, comprehensive view into their cloud security posture.”
Lee Weiner, chief innovation officer at Rapid7, said adding DivvyCloud technology would help the business deal with pressing concerns expressed by customers.
“Security teams are constantly challenged with understanding and effectively managing the risk and security for cloud environments at DevOps speeds,” he said. “DivvyCloud’s technology, team and market leadership in the cloud security space will enable Rapid7 to better serve its customers’ needs by helping them innovate more securely and provide a robust set of compliance and remediation paths for those with modern cloud infrastructure.”
For Brian Johnson, CEO and co-founder of DivvyCloud, the timing of the deal made sense, was the logical next chapter for the business and would benefit both staff and customers.
“With the combined expertise of both Rapid7 and DivvyCloud, we are even better positioned to help enterprises accelerate innovation using cloud and containers without the loss of control,” he said.
Rapid7 is no stranger to using acquisition to expand the business and this is the latest of several deals that have been struck in the last year alone.
Back in February, the firm picked up Snyk, which offered a security vulnerability database that Rapid7 could use to help developers find and fix vulnerabilities early in the software development process.
And in April last year, the firm was reacting to demand for increased cloud security when it picked up NetFort, which came with a number of network visibility and analysis tools.