Rapid7 Inc RPD

Acquisition will strengthen Rapid7’s cloud security offering, providing customers with a more holistic, unified experience for managing the challenges of cloud-native application security

BOSTON, Feb. 01, 2021 (GLOBE NEWSWIRE) -- Rapid7, Inc. (NASDAQ: RPD), a leading provider of security analytics and automation, today announced it has acquired Alcide.IO Ltd., a leading provider of Kubernetes security based in Tel Aviv, Israel. This is the second acquisition Rapid7 has made in the cloud security market in the past nine months, having acquired DivvyCloud, a leader in Cloud Security Posture Management (CSPM) this past April. Together, these acquisitions will enhance Rapid7’s ability to provide a cloud native security platform to its customers and facilitate continuous management of risk and compliance across their cloud environments.

Organizations are taking advantage of the flexibility, speed and agility that the cloud offers to accelerate innovation and deliver value to customers faster. With this, developers are increasingly turning to Kubernetes to quickly develop and deliver containerized applications. As part of this paradigm shift, developers have become central to implementing cloud security and it must be delivered in a frictionless way, where and when developers operate.
  
Alcide’s technology is built to bridge security and DevOps with code-to-production security for Kubernetes deployments. The company’s technology provides seamless Kubernetes security fully integrated into the DevOps lifecycle and processes so that applications can be rapidly deployed while also protecting cloud environments from malicious attacks. Alcide’s industry leading cloud workload protection platform (CWPP) provides broad, real-time visibility and governance, container runtime and network monitoring, as well as the ability to detect, audit and investigate known and unknown security threats.

Rapid7 provides one of the most comprehensive security operations platforms in the market today, with a broad set of best-of-breed capabilities across SIEM-based incident detection and response, vulnerability management, application security and security orchestration, automation and response.

With this acquisition, Rapid7 will expand and strengthen its cloud security offering, bringing together Alcide’s cloud workload protection (CWPP) capabilities with the company’s existing cloud security posture management (CSPM) and infrastructure entitlements (CIEM) capabilities, to provide customers with a more holistic, unified experience for managing the challenges of cloud-native application security.

“We are thrilled to welcome Alcide to Rapid7,” said Corey Thomas, chairman and CEO of Rapid7. “The technical talent within Israel’s cybersecurity ecosystem is unparalleled and we look forward to working together with the Alcide team to provide organizations with comprehensive cloud security that drives business growth and innovation.”

“Kubernetes is quickly becoming the preferred platform for automating deployment, scaling, and managing containerized applications. In order to take full advantage of the speed and innovation Kubernetes can unlock for an organization, security needs to be tightly integrated without getting in the way,” said Brian Johnson, senior vice president of cloud security at Rapid7. “With Alcide, we can enable organizations to continuously secure and protect their growing Kubernetes deployments while giving developers the freedom to rapidly develop and deliver applications.”

“Today marks the beginning of an exciting new journey for Alcide,” said Amir Ofek, chief executive officer at Alcide. “We are excited to join Rapid7 not only because of our shared commitment to providing customers with innovative and accessible cloud security solutions, but this also gives us an opportunity to bring our market-leading Kubernetes security platform to a broader set of customers.”

To learn more about Rapid7’s acquisition of Alcide, visit our blog.

Rapid7 acquired Alcide for a total purchase price of approximately $50 million, subject to certain adjustments. The acquisition is not expected to have a material impact to Rapid7’s financial results for calendar year 2021.

About Rapid7
Rapid7 (Nasdaq: RPD) is advancing security with visibility, analytics, and automation delivered through our Insight platform. Our solutions simplify the complex, allowing security teams to work more effectively with IT and development to reduce vulnerabilities, monitor for malicious behavior, investigate and shut down attacks, and automate routine tasks. Over 9,300 customers rely on Rapid7 technology, services, and research to improve security outcomes and securely advance their organizations. For more information, visit our website, check out our blog, or follow us on LinkedIn.

About Alcide
Alcide is a Kubernetes security leader empowering DevOps teams to drive seamless security guardrails to their CI/CD pipelines, and security teams to continuously secure and protect their growing Kubernetes deployments. Alcide provides a single Kubernetes-native AI-driven security platform for cross Kubernetes aspects: configuration risks, visibility across clusters, and run-time security events. Combined with policies enforcement and a behavioral anomaly engine that detects anomalous and malicious network activity, Alcide works to ensure that the entire dev-to-production pipeline is secured.

Cautionary Language Concerning Forward-Looking Statements
This press release includes forward-looking statements. All statements contained in this press release other than statements of historical facts, including, without limitation, statements regarding the expected strengthening of the Rapid7’s cloud security capabilities and cloud-native security platform and other benefits of the acquisition of Alcide, growth in the use of kubernetes and cloud-native application deployments and Rapid7’s expectation regarding the impact of the Alcide transaction on its financial results for calendar year 2021 are forward-looking statements. Words such as “believe,” “continue,” “expect,” “intend,” “may,” “will” and similar expressions are intended to identify forward-looking statements. We have based these forward-looking statements largely on our current expectations and projections about future events and financial trends that we believe may affect our financial condition, results of operations, business strategy, short-term and long-term business operations and objectives and financial needs. These forward-looking statements are subject to a number of risks and uncertainties, including, without limitation, risks arising from the ongoing COVID-19 pandemic, our ability to innovate and offer products and professional services that address the dynamic threat landscape, our ability to innovate and manage our growth, our ability to integrate acquired operations, as well as other risks and uncertainties set forth in the “Risk Factors” section of our Quarterly Report on Form 10-Q for the period ended September 30, 2020 filed with the Securities and Exchange Commission on November 5, 2020, and subsequent reports that we file with the Securities and Exchange Commission. Moreover, we operate in a very competitive and rapidly changing environment. New risks emerge from time to time. It is not possible for our management to predict all risks, nor can we assess the impact of all factors on our business or the extent to which any factor, or combination of factors, may cause actual results to differ materially from those contained in any forward-looking statements we may make. In light of these risks, uncertainties and assumptions, we cannot guarantee future results or events and circumstances reflected in the forward-looking statements will occur. We undertake no duty to update any of these forward-looking statements after the date of this press release to reflect events or circumstances after the date of this press release, except as required by law. You should, therefore, not rely on these forward-looking statements as representing our views as of any date subsequent to the date of this press release.

Contacts
Rapid7 Investor Relations
Sunil Shah
Vice President, Investor Relations
+1-857-990-4074
investors@rapid7.com

Rapid7 Media Relations
Caitlin Doherty
Public Relations Manager
+1-857-990-4240
press@rapid7.com

Alcide Media Relations
Shannon Mullins
Scratch Marketing + Media for Alcide
shannon@scratchmm.com