Security News > 2020 > April > Rapid7 to acquire DivvyCloud to help enterprises accelerate innovation

Under the terms of agreement, Rapid7 will acquire DivvyCloud for a total purchase price of approximately $145 million, subject to adjustments, to be paid in cash and stock.

"We are thrilled to welcome DivvyCloud, its customers, and the entire DivvyCloud team to the Rapid7 family," said Corey Thomas, chairman and CEO, Rapid7.

"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."

Under the terms of the acquisition agreement, Rapid7 will acquire DivvyCloud for a total purchase price of approximately $145 million, subject to adjustments.

DivvyCloud co-founders Brian Johnson and Chris DeRamus have agreed to join Rapid7.

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