Rapid7, a provider of security analytics and automation, has entered into a definitive agreement to acquire DivvyCloud Corporation, a cloud security posture management (CSPM) company. Under the terms of agreement, Rapid7 will acquire DivvyCloud for a total purchase price of approximately $145 million. The acquisition is expected to close during the second quarter of 2020, subject to the satisfaction of customary closing conditions.
As organizations accelerate their migration and adoption of cloud services, they need help bringing security and DevOps teams together to understand and effectively manage the governance, risk, and security of their cloud and container environments. According to Rapid7, through DivvyCloud’s platform, Rapid7 customers will have the ability to innovate more securely, move out of data centers and into the cloud, and make infrastructure accessible and manageable.
DivvyCloud enables deep visibility, combined with automated prevention and real-time remediation of risk to deliver continuous security and compliance for cloud environments, including support for Amazon Web Services, Microsoft Azure, Google Cloud Platform, Alibaba Cloud and Kubernetes. Using DivvyCloud, customers can protect cloud and container environments from misconfiguration, policy violations, external and internal threats, and identity and access management challenges.
RTP Ventures, MissionOG, and Providence Strategic Growth, an affiliate of Providence Equity Partners, were the lead investors in DivvyCloud. DC Advisory served as the company’s financial advisor and Miles & Stockbridge served as legal advisor.
For more information, go to www.rapid7.com and www.divvycloud.com.