Security analytics technology provider Rapid7 agreed yesterday to acquire US-based cybersecurity software developer DivvyCloud for $145m in cash and shares, enabling mass media group Discovery Communications to exit.
DivvyCloud’s platform facilitates the automation of security and remediation for cloud and software container environments, meaning enterprises can make changes to software and IT more efficiently while ensuring compliance.
The software supports a range of cloud services including Google Cloud Platform, Microsoft Azure, Amazon Web Services, Alibaba Cloud and Kubernetes. It will beef up the multi-cloud capabilities of Rapid7’s Insight IT analytics platform.
The company has raised $29m in funding, most recently taking $19m in a May 2019 series B round led by Providence Strategic Growth Capital Partners, an affiliate of private equity firm Providence Equity Partners, and backed by RTP Ventures and MissionOG.
Discovery had provided an undisclosed amount of funding for DivvyCloud in 2016, and its other investors included CIT Gap Funds.
Corey Thomas, Rapid7’s chairman and chief executive, said: “We are thrilled to welcome DivvyCloud and its customers to the Rapid7 family.
“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.”
