Security News > 2020 > April > Rapid7 to Acquire Cloud Security Firm DivvyCloud for $145 Million
Boston-based security analytics and automation solutions provider Rapid7 said on Tuesday that it has agreed to acquire DivvyCloud, a provider of security and compliance automation solutions for public cloud and container infrastructure.
Rapid7 will pay roughly $145 million in cash and stock to acquire the company.
Founded in 2013, DivvyCloud provides solutions designed to help security, operations, and GRC teams identify security risks and automatically address them.
DivvyCloud had raised roughly $29 million in funding, including a $19 million growth round in May 2019.
In addition to announcing the acquisition, Rapid7 provided preliminary estimates on revenue for the first quarter 2020, noting an expected range of $93.8 million to $94.0 million.
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