The automation and security analytics provider Rapid7 have recently signed a deal under which it acquires the Cloud Security company Divvy Cloud Corporation. The total sum of the acquisition deal stands at 145 million US dollars. The agreement is still negotiable and the price can be paid in both cash and stock.
The customers of Rapid7 will now be able to take the full advantage of the DivvyCloud’s platform, work in a more secure environment and make their data more manageable and accessible by moving it from the data centers to the cloud. This will also allow for a closer cooperation between DevOps and Security teams and the more effective management of security and risk.
The expected date for the closing of the deal is in the second quarter of this year.
The USD 145 million negotiated purchase price is expected to be paid with USD 135.7 million in cash and USD 9.3 million in stock. Chris DeRamus and Brian Johnson, the co-founders of DivvyCloud, will also join Rapid7.
By combining real-time risk remediation and automated risk prevention, DivvyCloud ensures that cloud environments are secure and compliant. The product also comes with support for Microsoft Azure, AWS, Alibaba Cloud, the Google Cloud Platform and Kubernetes.
Among the many features DivvyCloud bring with them are the protection from policy violations, misconfigurations for container and cloud environments, threats from both internal and external sources, and addressing access management and identity challenges.
The security operations platform of Rapid7 is known to be one of the most comprehensive security solutions on the market presently. It comes with a wide array of features dealing with the management of vulnerabilities, an incident detection SIEM-based capability, security automation and application security. The latest acquisition will further boost the increased demand from companies for greater security for their multi-cloud environments.
Let us see if the leadership DivvyCloud holds in the cloud security market will allow Rapid7 to better meet its clients’ needs.
