Rapid7 has announced it will be acquiring the cloud security and governance firm DivvyCloud for $145 million in a move to improve cloud security for its customers.
The SecOps firm has been moving more deeply into the cloud in recent years and has been expanding its cloud offerings, and the acquisition of DivvyCloud is part of that drive.
Arlington, VA-based DivvyCloud was formed in 2013 and now has 75 employees. The company’s platform protects cloud and container environments from policy violations, misconfigurations, and threats, and provides visibility into public and private cloud infrastructure for continuous security and compliance.
“We help customers achieve rapid innovation in the cloud while ensuring they remain secure, well governed and compliant,” said Brian Johnson, CEO and co-founder at DivvyCloud. “That takes a different playbook than when customers were on prem, particularly requiring automation and real-time remediation.”
Rapid7 customers have been calling for a platform that helps them with governance of the cloud to improve security and help them migrate from on-premises infrastructure. Rapid7 customers have also expressed interest in solutions to help them manage and secure multicloud environments. Rapid7 was looking to provide a security and compliance solution and weighed up the costs and benefits of developing its own platform from scratch but acquiring DivvyCloud was seen to be a much better choice.
The acquisition will see all DivvyCloud employees retained, and Rapid7 will benefit from receiving 54 DivvyCloud customers who will continue to receive support while DivvyCloud is incorporated into the Rapid7 platform.
“We are thrilled to welcome DivvyCloud and its customers to the Rapid7 family,” said Corey Thomas, CEO and chairman of 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.”
DivvyCloud is not the only company to have been acquired by Rapid7 this year. In February, Rapid7 bought Snyk, and acquired its security vulnerability database that is used by developers find and fix vulnerabilities during software development. Rapid7 also bought NetFort in April 2019 and acquired its network visibility and analysis tools.