Rapid7 SIEM Acquires DivvyCloud for Multi-Cloud Security Services
SIEM software provider Rapid7 is acquiring Divvy Cloud, a provider of Cloud Security Posture Management (CSPM) for Amazon Web Services (AWS), Microsoft Azure, Google Cloud Platform, Alibaba and Kubernetes containers. The acquisition, valued at $145 million, is expected to close in the second quarter of 2020.
Rapid7 Acquires DivvyCloud: Software Capabilities
Using DivvyCloud, customers can protect cloud and container environments from misconfiguration, policy violations, external and internal threats, and identity and access management challenges, Rapid7 says.
For its part, Rapid7 develops a Security Operations Center (SOC) platform that supports SIEM-based incident detection and response, vulnerability management, application security and security automation and orchestration (SOAR).
This is Rapid7’s second acquisition in the past year or so. The other deal involved acquiring network visibility solution provider NetFort for an undisclosed sum in April 2019.
Rapid7 Acquires DivvyCloud: Executive Perspectives
In a prepared statement about the deal, Rapid7 CEO Corey Thomas said:
“We are thrilled to welcome DivvyCloud, its customers, and the entire DivvyCloud team to the Rapid7 family. With the acceleration of cloud adoption introducing new enterprise risk areas, we’re excited to bring Security and DevOps teams together with DivvyCloud’s best-of-breed compliance, risk management and governance for multi-cloud and container environments, while also integrating it with our Insight Cloud platform to create enduring customer value.”
Added Brian Johnson, CEO and co-founder, DivvyCloud.
“Joining forces with Rapid7 is a natural next step. 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.”
Concluded Lee Weiner, chief innovation officer, Rapid7:
“Security teams are constantly challenged with understanding and effectively managing the risk and security for cloud environments at DevOps speeds. DivvyCloud’s technology, team, and market leadership in the cloud security space will enable Rapid7 to better serve its customers’ needs by helping them innovate more securely, and provide a robust set of compliance and remediation paths for those with modern cloud infrastructure.”
RTP Ventures, MissionOG, and Providence Strategic Growth, an affiliate of Providence Equity Partners, were the lead investors in DivvyCloud. DC Advisory served as DivvyCloud’s financial advisor and Miles & Stockbridge served as legal advisor.