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Kyle Alspak
The cybersecurity vendor is reportedly considering going private following a wave of deals between public security vendors and private equity firms.
The publicly traded cybersecurity company Rapid7 is currently considering acquisition options, which could include a sale to a private equity investor, according to a report.
CRN has reached out to Rapid7 for comment.
Reuters reports that the company has been approached by investors, including private equity firms, and is currently working with Goldman Sachs Group Inc. to explore options.
[Related: The 20 Coolest Cloud Security Companies Of The 2023 Cloud 100]
A number of publicly traded cybersecurity vendors have gone private in recent years in deals with private equity investors, with KnowBe4 being the latest example. The security awareness training vendor completed its sale to Vista Equity Partners on Wednesday.
Recent private deals for cybersecurity companies include ForgeRock, SailPoint and Ping Identity.
Rapid7, with a current market cap of $2.85 billion, has lost 60% of its stock over the past year, according to Reuters.
Rapid7 provides a wide range of security solutions, including extended detection and response (XDR) and security information and event management (SIEM), that security operations teams use to identify threats in the vast amounts of security data generated by today’s IT. provide tools. system. The Boston-based company also offers threat intelligence, vulnerability management, application security (via dynamic application security testing tools), cloud security, and other cybersecurity products.
Rapid7’s recent product updates include the introduction of improved cloud detection and response, used to natively identify the most serious cloud threats with greater accuracy. The company recently rolled out an enhanced vulnerability assessment. It provides continuous visibility into vulnerabilities and is easy to deploy thanks to agentless technology.
Kyle Alspak
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