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Rapid7 to acquire cloud security startup DivvyCloud for $145 million

Rapid7 to acquire cloud security startup DivvyCloud for $145 million
Rapid7 to acquire cloud security startup DivvyCloud for $145 million

Rapid7, a software company using the SecOps platform to assist IT companies, has reportedly announced the acquisition of DivvyCloud, a cloud security posture management company that helps firms combine their DevOps and security teams. Rapid7 spent a total amount of $145 million to buy DivvyCloud.

According to Rapid7, startup DivvyCloud has the potential to help consumers protect their cloud and container environments from policy violations, access and identity management threats, internal and external threats, and misconfigurations. The Arlington based startup integrates automated prevention with deep visibility and real-time risk remediation.

Chairman and the CEO of Rapid7, Corey Thomas stated that the company is thrilled to combine DevOps and security teams with best-in-class, governance, and risk management of DivvyCloud for multi-cloud and container environments.

CEO and the Co-Founder of DivvyCloud, Brian Johnson stated that due to the integrated expertise of both DivvyCloud and Rapid7, the company would be able to help enterprises more aggressively in boosting innovation utilizing cloud and containers, all without any loss of control.

The cloud security startup supports Microsoft Azure, Amazon Web Services, Alibaba Cloud, Kubernetes, and Google Cloud Platform as a part of its aim to provide continuous security and compliance to cloud environments. This acquisition is projected to help Rapid7 consumers innovate more securely, get out of data centers as they move to the cloud, and make infrastructure manageable and accessible, stated Rapid7.

Chief Innovation Officer at Rapid7, Lee Weiner stated that DivvyCloud’s team, technology, and market leadership in the field of cloud security would allow the company to serve its customers demands in a better way by helping them innovate more safely, and offer a strong set of remediation and compliance paths for the customers with modern cloud infrastructure.

This would be the third acquisition of a cloud security posture management company in the last eight months. Moreover, this acquisition comes after less than three weeks of Zscaler acquiring Cloudneeti to remediate and avoid application misconfigurations on the cloud.

 

Source credit: https://www.crn.com/news/security/rapid7-to-buy-cloud-security-startup-divvycloud-for-145m

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Bhushan Tambe

A qualified computer graduate, Bhushan Tambe always nurtured a passion for words. Post his education, he decided to transform his penchant of penning down poetry and stories into a full-time career. Presently, Bhushan writes numerous articles for cuereport.com and a few other websites, on subjects spanning business, finance, and the like.