Rapid7

Rapid7 is a manufacturer of products for managing network security and compatibility of security policies and testing the system for protecting IT infrastructure from penetration of potentially dangerous objects. The company's integrated solutions help optimize network, web, and database security.

In application development, Rapid7 uses the Metasploit open source platform, which allows you to create and test special programs that use vulnerable areas to attack an IT system for information security purposes. Rapid7 develops enterprise IT security management technologies with Archer Technologies, RSA, SecureWorks, TrendMicro, and others. The company's achievements and growth have been repeatedly noted at prestigious international competitions and conferences. Rapid7 solutions are used by more than 3,000 organizations in 78 countries, of which 250 are Fortune 1000 companies.

Rapid7 launches NeXpose, which provides effective management of enterprise information protection.

History

2023: Cut 18% of staff

On August 7, 2023, the American company Rapid7, specializing in information security issues, sent a notice to the US Securities and Exchange Commission (SEC) to reduce the number of personnel.

It is said that layoffs will affect approximately 18% of employees. The Boston Globe estimates the number of workers who fell under the restructuring program at about 470 people. The upcoming changes were announced by Rapid7 CEO Corey Thomas. According to him, the company is accelerating the provision of a leading security solution and service platform to customers, but the reorganization is necessary to further maintain the success of business operations.

Rapid7 sends notice to SEC of headcount reduction

Our rapid growth amid the expansion of the cybersecurity market has enabled the rapid implementation of advanced capabilities, however, as we have expanded our employee base to meet demand and entered new regions, it has also created unnecessary friction and inefficiency that hinders operations. Restructuring and downsizing will ensure long-term success, "Thomas wrote.

All dismissed employees are eligible for severance pay and other support, including further transitional health insurance and employment assistance at the new location. The restructuring program will cost from $24 to $32 million, and the implementation of the plan, including cash payments, will mainly be completed by the end of the fourth quarter of 2023.

We believe we are the only company in the world that can truly transform security operations by integrating risk, threat and incident management into a single platform that eliminates unnecessary trade-offs. Restructuring will increase our ability to invest where customers need it and give flexibility to scale, drive innovation and improve processes, Thomas added.[1]

2021

Acquisition of threat analysis and assessment technology developer IntSights

On July 20, 2021, Rapid7, a manufacturer of network security management products, announced the acquisition of IntSights for $335 million. Read more here.

Acquisition of container protection developer Kubernetes Alcide for $50 million

Rapid7, a developer of security management products, IT infrastructures announced on February 1, 2021, the acquisition of a startup Alcide company specializing in security Kubernetes and other systems. This was announced by the VentureBeat portal. More. here

2020: Purchase of the information security company DivvyCloud for $145 million

At the end of April 2020, the information security company Rapid7 announced the acquisition of the information security company DivvyCloud for $145 million. The Buyer intends to pay for the transaction with its own shares and funds. Prior to DivvyCloud's sale, the company raised a total of $28.9 million, including from Leonid Boguslavsky's RTP Ventures fund. Read more here.