The global leader in Security Information and Event Management (SIEM) technology, Rapid7 has declared its intent to acquire DivvyCloud Corporation for $145 Million. The deal will strengthen Rapid7’s current capacity to deliver Cloud Security Posture Management in sync with SIEM applications.
DivvyCloud Corporation is a Cloud Security Posture Management (CSPM) company. Under the terms of the agreement, the acquisition is expected to close during the second quarter of 2020, subject to the satisfaction of customary closing conditions.
In the rapidly changing IT environment, security measures can no longer be ignored. From managing Complex Cloud environments to monitoring and assessing malicious behavior, to investigating data attacks, and cyberthreats, every organization is in dire need of a reliable, trust-worthy Cloud Security Posture Management solution. Keeping the current and future threats in mind, AI and ML-driven automated CSPM solutions should be the go-to choice.
That’s why Rapid7 chose to add DivvyCloud to its SIEM platform, knowing the demand is only going to grow in the coming months.
At the time of the announcement, Corey Thomas, Chairman, and CEO, Rapid7 said –
“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.”
As organizations accelerate their migration and adoption of Cloud services, they need help bringing Security and DevOps teams together to understand and effectively manage the governance, risk, and security of their Cloud and Container environments. Through DivvyCloud’s platform, Rapid7 customers will have the ability to innovate more securely, move out of data centers and into the Cloud, and make infrastructure accessible and manageable.
DivvyCloud enables deep visibility, combined with automated prevention and real-time remediation of risk to deliver continuous security and compliance for Cloud environments, including support for Amazon Web Services, Microsoft Azure, Google Cloud Platform, Alibaba Cloud and Kubernetes.
Using DivvyCloud, customers can protect Cloud and Container environments from misconfiguration, policy violations, external and internal threats, and identity and access management challenges.
“Joining forces with Rapid7 is a natural next step,” said Brian Johnson, CEO, and Co-founder, DivvyCloud.
Brian added, “Their commitment to customers, employees, and company culture is well-aligned with the values that have made DivvyCloud so successful. 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.”
“Security teams are constantly challenged with understanding and effectively managing the risk and security for Cloud environments at DevOps speeds,” said Lee Weiner, Chief Innovation Officer, Rapid7.
Lee added, “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.”
Rapid7 provides one of the most comprehensive security operations platforms in the market today, with a broad set of best-of-breed capabilities across SIEM-based incident detection and response, vulnerability management, application security, and security automation and orchestration. Through this acquisition, Rapid7 will address the growing need for organizations to secure Multi-Cloud environments by extending the Cloud security capabilities of its Insight platform.
RTP Ventures, MissionOG, and Providence Strategic Growth, an affiliate of Providence Equity Partners, were the lead investors in DivvyCloud.
Currently, Rapid7 is advancing security with visibility, analytics, and automation delivered through our Insight Cloud.
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