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Security analytics provider Rapid7 (NASDAQ: RPD) has acquired IntSights Cyber Intelligence Ltd., a pioneer in contextualized external threat intelligence and proactive threat remediation. Rapid7 will pay roughly $335 million in cash and stock for IntSights.
Rapid7 will combine its community-infused threat intelligence and deep understanding of client settings with IntSights’ external threat intelligence capabilities following the acquisition of IntSights. This combination is meant to give clients a single view of threats, attack surface monitoring, relevant insights, and proactive threat mitigation for businesses of any size or security maturity level.
Rapid7’s cloud-native extended detection and response (XDR) product, InsightIDR, would be further enhanced by this acquisition, enabling “high-quality, high-fidelity” alerts to ensure efficient security operations, early threat identification, and faster reaction times.
“There’s no shortage of threat intelligence information available today, but much of it lacks context, creating too much alert noise and additional work for already overburdened security teams,” said Richard Perkett, senior vice president of detection and response at Rapid7. “By integrating IntSights’ external threat intelligence capabilities into Rapid7’s XDR solution, InsightIDR, we expect to provide security teams with expanded visibility and detections of internal and external threats across their traditional and modern environments – enabling them to quickly pivot into investigations, threat hunting and containment automation all within a unified experience.”
Rapid7 also released early estimates for Annualized Recurring Revenue (ARR) for the second quarter of 2021, which concluded on June 30. Rapid7 expects ARR to reach $489 million in the second quarter of 2021, up 29 percent year over year, based on current data.
“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.”