Rapid7 Set to Enhance Security Operations with Acquisition of Noetic Cyber
In a strategic move aimed at advancing the forefront of cybersecurity, Rapid7, Inc. (NASDAQ: RPD), a prominent figure in the domain of extended risk and threat detection, announced its definitive agreement to acquire the innovative cyber asset attack surface management company, Noetic Cyber. This acquisition marks a significant step towards providing comprehensive visibility and improved cybersecurity for businesses across the globe.
The integration of Noetic Cyber’s CAASM (Cyber Asset Attack Surface Management) solutions with Rapid7’s existing cybersecurity frameworks is poised to empower customers with unparalleled insights into their attack surfaces. This collaboration promises to deliver not only an inside-out but also an adversary-aware, outside-in perspective, enabling businesses to anticipate threats, manage risks more effectively, and enhance their overall security posture.
Corey Thomas, CEO of Rapid7, expressed, “Fragmentation of attack surfaces hampers the productivity, efficiency, collaboration, and credibility of security operations.” He further emphasized that the inclusion of Noetic Cyber’s solutions within Rapid7’s extensive security operations platform is a commitment towards delivering an unrivaled security operations experience, making advanced security solutions more accessible and effective for teams across the spectrum of digital security needs.
The need for improved attack surface management is underscored by a 2024 Gartner® report, which reveals that only a mere 17 percent of organizations can confidently identify and inventory over 95 percent of their assets. The collaboration between Rapid7 and Noetic Cyber aims to bridge this gap, ensuring that a greater number of security teams gain the required visibility and insights to prioritize exposures effectively, thus identifying and mitigating potential security vulnerabilities with greater efficiency.
Noetic Cyber, co-founded by Paul Ayers, Allen Hadden, and Allen Rogers in 2019, has been at the forefront of empowering security teams to proactively manage and secure their digital assets. By breaking down data silos and enhancing the efficacy of security tools and controls, Noetic Cyber’s solutions enable teams to better understand, visualize, and fortify their security postures against the ever-evolving landscape of cyber threats.
The transaction, expected to close during Rapid7’s fiscal third quarter, is anticipated to not materially impact the Company’s 2024 Annualized Recurring Revenue (“ARR”). Following the closure of this deal, Rapid7 plans to make Noetic Cyber’s capabilities available to its customers, further solidifying its position as a leader in the realm of cybersecurity solutions.
For those interested in learning more about how the acquisition of Noetic Cyber will benefit customers and to sign up for notifications regarding the availability of the solution, Rapid7 encourages visits to their website for additional information and updates.
About Rapid7:
Rapid7’s mission to create a safer digital world has never been more pertinent. With cybersecurity challenges burgeoning, Rapid7 stands at the helm, empowering security professionals with state-of-the-art technology, cutting-edge research, and a wealth of strategic expertise. Catering to over 11,000 global customers, Rapid7’s comprehensive security solutions are tailored to address modern attack surfaces, facilitating the reduction of attack vectors and the swift neutralization of threats through precision and efficiency. For more insights and updates, make sure to follow Rapid7 on their official website, blog, LinkedIn, or X.
Forward-looking statements about the acquisition include anticipated benefits and synergies, anticipated timing of the closing of the transaction, and the impact on Rapid7’s ARR. These statements involve risks and uncertainties that could cause actual results to differ materially from those projected, including the possibility that the acquisition may not close, failure to realize expected benefits, or potential impacts on relationships with employees, customers, and business partners.
For more information or inquiries regarding this acquisition, contact Rapid7 at:
- Media Relations: Kelly Crummey, press@rapid7.com, (617) 921-8089
- Investor Relations: Elizabeth Chwalk, investors@rapid7.com, (617) 865-4277
