Boston’s Rapid7 Acquires Israel-based Cybersecurity Company
Boston-based cybersecurity company and NEC member Rapid7 recently acquired the Israeli threat intelligence firm IntSights in a $335 million deal. This acquisition marks Rapid7’s desire to enhance its ability to detect and respond to cyber threats.
Rapid7’s acquisition of IntSights is the fourth in a string of acquisitions as the cybersecurity firm attempts to expand its threat-detecting technology to a wider range of clients. In February 2021, Rapid7 acquired another Israeli cybersecurity company called Alcide in a $50 million deal, and continued its acquisitions in April when it acquired the open force digital forensics company Velociraptor. In April 2020, the Boston-based cybersecurity company also bought cloud security firm DivvyCloud Corp. in a $145 million deal.
“Cyber security is a lopsided battle today and the odds consistently favor attackers,” said Corey Thomas, chairman and CEO, Rapid7. “Both IntSights and Rapid7 have a shared belief that organizations will succeed only when they have a unified view of internal and external threats, complete with contextualized intelligence and automated threat mitigation which will allow security teams to focus on the most critical threats. We look forward to working with IntSights to make this vision a reality for our customers.”
The New England Council congratulates Rapid7 on this acquisition and its ongoing work to protect businesses against cyber threats.